Indemnification involves compensating for harm or loss, providing protection against future losses, typically through insurance, and includes subrogation which transfers rights to recover compensation.
Subrogation is a principle that allows insurers, having paid a claim, to take over any methods the policyholder may have for obtaining compensation for the same event.
An in-depth look at Subrogation and Assignment, including definitions, distinctions, historical context, applicability, related terms, and FAQs.
A comprehensive guide to understanding subrogation in insurance, its importance, examples, and how it impacts both insurers and insured parties.
A comprehensive guide to understanding the waiver of subrogation, including its types, reasons for needing it, and its significance in contractual agreements.
