What is subrogation?

Subrogation is a legal concept in accident law in Texas which allows an insurance company or other party to pursue a payment from a third party for any expenses they have paid out after an accident. This is a form of legal recourse the company can pursue to recover some of the funds they have already distributed. Subrogation is a term which means "substituted legal rights." In accident law, a subrogation claim is created when a person or group pays for expenses on behalf of the person or group who is entitled to them. For example, if an individual is injured in an accident and an insurance company pays the medical bills, the company has the right to pursue any damages awarded to the injured individual from the responsible party. Subrogation also applies to other kinds of accidents, like those caused by defective products. In such cases, the company can pursue the manufacturer of the product for damages. Subrogation is an essential part of accident law in Texas. It allows insurance companies to recover some of the funds they pay out after an accident, and it allows individuals to be held liable for any harm they cause.

Related FAQs

What is medical malpractice?
What if the other party does not have insurance?
What is a settlement offer?
What is the role of a personal injury lawyer?
What should I do if I have been injured on someone else’s property?
What is a liability waiver?
What is the process for filing a personal injury claim?
What are the steps involved in a personal injury trial?
What is vicarious liability?
What is a deposition?

What is subrogation?

Related FAQs

Related Blog Posts