Subrogation is a method by which your insurance company can seek reimbursement against a third party who is at fault in a claim that has resulted in a loss to you. Sometimes your insurer will pay a claim to you for property that was damaged by someone else. When your insurer acts on your behalf in this way, they ask you to transfer to them your rights to collect against the wrongdoer. Using rights of subrogation, your insurer then goes after reimbursement from the other party.
This can be very useful to you if the wrongdoer’s insurer is taking too long to settle a claim.
Reichley Insurance Agency is committed to excellence. We pride ourselves on offering our clients reliable coverage and great service. As an independent Ohio insurance agency, we can provide you with all types of insurance coverage from the top carriers in the country. Our team of trusted agents will work with you to find a policy that meets your needs – and falls within your budget.
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The information in this article is meant as a guideline only. There is nothing in this publication that alters the coverage or interpretation of any specific policy. Because some statements are generalizations, and because different companies’ policies contain slight differences, please refer to your specific policy. Call our office before making any judgments or decisions concerning your particular situation and coverage that may or may not apply.
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