Insurance Lesson

Subrogation

When a loss is caused by some other party who is responsible, a loss can still be paid by your insurance carrier for swiftness. They then submit for reimbursement for the losses paid from the liable parties’ insurance carrier.

Lesson Script

What This Video Covers

When a loss is caused by some other party who is responsible, a loss can still be paid by your insurance carrier for swiftness. They then submit for reimbursement for the losses paid from the liable parties’ insurance carrier.
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Insurance Terms to Know

Punitive Damage Exclusion

A punitive damage exclusion removes coverage for punitive or exemplary damages, where allowed by law.