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Subrogation in Insurance: Types and Principles with an Example

What is Subrogation in Insurance?

How Does Subrogation Work in Insurance?

Types of Subrogation in Insurance

What is the Principle of Subrogation in Insurance?

Understanding the Principle of Subrogation with an Example

What are the Rights of an Insurer When it Comes to Subrogation in Insurance?

What is Waiver of Subrogation?

Key Things to Remember about Subrogation in Insurance

Explain it like I'm five

There are three brothers in the family. The eldest brother has promised to take care of his two younger siblings. One day, the youngest brother breaks a toy that belongs to the middle brother. The middle brother starts crying, so the eldest brother gets him a new toy. But to be fair to everyone, he ensures that the youngest brother pays for it from his own pocket money.

What just happened was ‘Subrogation’.

FAQs about Subrogation in Insurance