A clause that allows the insurer to engage in action against a liable third party to recoup any money for a loss the insurer has already paid. Under this clause, the insurer cannot recoup money from both the insured and a third party.
Related information about subrogation clause:
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Subrogation Clause Section of property insurance and liability insurance policies giving an insurer the right to take legal action against a third party.
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Definition of subrogation clause: A clause that allows the insurer to engage in action against a liable third party to recoup any money for a loss the insurer has ...
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