What is an insurance subrogation?

Insurance subrogation is a legal concept used in the state of Florida, which allows an insurance company to pursue a third party for damages that were paid to an insured individual. This process is used when the insurance company believes the damages paid were the fault of someone else. The insurance company takes on the legal rights of the insured person in order to collect any damages that the third party is responsible for. Insurance subrogation allows for the insurance company to recoup its costs for the damages paid out. This is done by pursing the third party that is responsible for the damages. The insurance company must prove that the third party is responsible for the damages in order for them to collect. The process of insurance subrogation is used to make sure that the responsible party is held accountable for the damages caused. It also allows the insurance company to recover some of the costs they paid out in order to compensate the insured. This is done in order to keep premiums from increasing due to excessive payouts.

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What is an insurance subrogation?

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