Subrogation in Insurance

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What is Subrogation in Insurance?

How Subrogation in Insurance works?

What is Waiver of Subrogation?

Important Points to Rememer about Subrogation in Insurance

Explain it like I'm five

We're making insurance so simple, now even 5-year-olds can understand it.

There are three brothers in a 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