What is a subrogation recovery?

Subrogation recovery is a legal procedure where an insurance company seeks reimbursement from any other party who is responsible for a claim they paid out. It is commonly used in Arizona and other states when a person or business causes an accident that results in an insurance claim, but they were not the one whose policy provides coverage for the claim. In this case, the insurance company may try to reclaim the money they paid out from the responsible party. Subrogation is a way for the insurance company to recoup some of the money they lost on the claim, by collecting from the other party. This procedure is generally done through negotiations, and sometimes, the company may have to go to court to seek the reimbursement. Subrogation is a necessary process which helps the insurance company to keep costs down and remain profitable.

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What is a subrogation recovery?

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