What is an insurance subrogation?

Insurance subrogation is a legal concept in Tennessee that allows insurance companies to recover payments they made on behalf of their customers who were involved in an accident. When an insurance company pays out money for a claim, they can seek reimbursement from the person or business that is responsible for causing the accident. This is known as insurance subrogation. In Tennessee, an insurance subrogation action allows insurance companies to recoup payments they made on behalf of their insured parties. In other words, if an insurance company has paid out a claim to a customer, they can then take legal action against the person or company responsible for causing the accident, in order to recover the funds they paid out. This is done so that the insurance company does not have to absorb the full cost of the claim itself. In order to file a subrogation action in Tennessee, the insurance company must prove that the other party was liable for the accident and that their insured party suffered damages as a result. If successful, any amount that the insurance company recovers will be put towards the total amount of the claim. Insurance subrogation is an important legal concept in Tennessee that helps protect insurance companies from bearing the full cost of accident claims. It also ensures that insurance companies are able to recoup funds that were paid out on behalf of their insured customers.

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What is an insurance subrogation?

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