What is a waiver of subrogation?

A waiver of subrogation is a legal agreement between two or more parties that waives the right of one party to pursue legal action against the other party for reimbursement of damages incurred by either party. In the context of insurance claims law in Arizona, a waiver of subrogation is an agreement between an insurance company and its insured that the company will not pursue legal action against the insured for reimbursement of damages caused by a particular event or incident. This waiver is usually found in insurance contracts and specifically states that the insurance company will waive its right to recover money from the insured even if the insured is at fault for the damages. Waivers of subrogation can provide protection for both the insured and the insurance company, as the insurance company will not be forced to pay out for damages if the insured is deemed negligent and the insured can be relieved of any potential claims against them. Furthermore, waivers of subrogation can also help to ensure that disputes between the parties are settled quickly and amicably without the need for litigation.

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What is a waiver of subrogation?

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