{"id":428,"date":"2018-08-27T05:42:13","date_gmt":"2018-08-27T11:42:13","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=428"},"modified":"2018-07-23T19:48:58","modified_gmt":"2018-07-24T01:48:58","slug":"subrogation-claim","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/subrogation-claim\/","title":{"rendered":"Subrogation Claim"},"content":{"rendered":"

\"TruePoint<\/a><\/p>\n

\"Key<\/p>\n

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August 27, 2018<\/em><\/h6>\n

Subrogation Claim<\/h4>\n

Subrogation is the process of one standing in for another.\u00a0 As it relates to insurance, subrogation is the legal process which transfers authority to an\u00a0insurance company, allowing them to file a claim against a third party.<\/p>\n

The subrogation claim process works along these lines.\u00a0 In\u00a0most cases, the actions related to a subrogation claim between the two insurance companies.\u00a0 Even though the insurance company for the\u00a0damaged party is not liable, to rectify the situation as quickly as possible, they will most likely work to settle the claim with their customer.<\/p>\n

Once they have closed the claim they will seek to be reimbursed.\u00a0 The At-Fault party is legally responsible\u00a0and they will now get to the business of getting their money back.\u00a0 As mentioned earlier, subrogation language in your policy allows the insurance companies to proceed without input.\u00a0 In most cases, the subrogation\u00a0process is totally seamless as far as you the customer goes.<\/p>\n

In some instances the matters are moved into the courtroom.\u00a0 At this\u00a0point, if you are the At-Fault party in an accident, your level of input it matters will most likely increase and you will receive notice of legal action against you.\u00a0 While most of the actions will still be between the two insurance companies, you could be required\u00a0to testify among other things.<\/p>\n

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Related Terms and Phrases\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\"Return<\/a><\/h5>\n