August 18, 2018
Waive the Right to Subrogation
or a Waiver of Subrogation is legal language found in contractual agreements between the insured and a third party.¬† This endorsement when appearing in an executed contract relinquishes the right for the insureds insurance company to subrogation against the third party.¬† There are many negative implications associated with signing a contract containing a subrogation waiver.
We strongly advise that you contact your insurance agent and your attorney prior to signing any¬†contract requiring you to waive the right of subrogation.¬† The bottom-line is that waiving subrogation is the right of your insurance company, not yours.
¬†Understand the implications of waiving the right of subrogation.