What is an insurance subrogation claim?

Insurance subrogation is a legal concept used to stay an insurance company’s losses when the insured party has suffered financial harm due to the negligence of another person. In Washington, when an insurance company pays out a claim to their insured, the insurance company can then “stand in the shoes” of the insured and pursue a “subrogation claim” against the negligent party. This type of claim is different from a lawsuit. Instead, the insurance company is looking to be compensated for the amount that they paid out. The insurance company does so to prevent the insured from recovering twice for the same negligence. Insurance subrogation claims are commonly used when an automobile accident has occurred. In such cases, the insurance company that paid out a claim to their insured will pursue a subrogation claim against the negligent driver’s insurance company to recover the amount they paid out on the claim. In addition, they may also pursue a claim against the negligent driver themselves. In Washington, insurance subrogation claims are handled under statute and must be pursued within a certain amount of time from the date of the incident. Insurance subrogation claims are an important part of insurance litigation law in Washington and are a great tool for insurance companies to recoup losses that would otherwise be entirely lost.

Related FAQs

What is an insurance subrogation claim?

Related FAQs

Related Blog Posts