{"id":461,"date":"2018-08-29T15:20:49","date_gmt":"2018-08-29T21:20:49","guid":{"rendered":"https:\/\/www.insuringky.com\/blog\/?p=461"},"modified":"2018-07-19T08:59:29","modified_gmt":"2018-07-19T14:59:29","slug":"understand-the-implications-of-waiving-the-right-of-subrogation","status":"publish","type":"post","link":"https:\/\/www.insuringky.com\/blog\/understand-the-implications-of-waiving-the-right-of-subrogation\/","title":{"rendered":"Understand the implications of waiving the right of subrogation"},"content":{"rendered":"

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

\u00a0\u00a0\"Risk<\/em><\/h6>\n
\u00a0 \u00a0\u00a0<\/em><\/h6>\n
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August 29, 2018<\/em><\/h6>\n

\"STOP!<\/p>\n

Be<\/strong>fore you agree to a Waiver of Subrogation<\/strong><\/h4>\n

If you are a vendor, supplier, sub-contractor, third-party provider or tenant, you may have been asked to sign a Waiver of Subrogation.\u00a0 It may have come in the form of an endorsement\/stand-alone document or it may have been part of a broader contract.\u00a0 WARNING: Do Not Take These Lightly!<\/p>\n

By waiving the right of subrogation, you are signing a court-tested, legal document which will make it impossible for your insurance company to recover money they are due from an At-Fault third party.\u00a0 While the Waiver of Subrogation may be required before you can get a job, rent a commercial\u00a0space, or provide materials or products, you aren’t authorized to grant this Waiver.<\/strong><\/p>\n

Am I prohibited from entering into a contract that contains a Waiver of Subrogation?<\/strong>\u00a0 No, you may very well be able to enter into such an agreement.\u00a0 However, before doing so you need to provide the information to your insurer.\u00a0 The will either authorize the waiver or provide you with\u00a0guidance regarding the language that would be acceptable.\u00a0 \u00a0\u00a0\"Return<\/a><\/p>\n

What happens if I already have entered into a Waiver of Subrogation?\u00a0 <\/strong>DO NOT HIDE or OVERLOOK this.\u00a0 Failure to disclose this information could result in cancelation or denial of coverage.<\/p>\n

 <\/p>\n

 <\/p>\n

\"copyrighted<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0\u00a0 \u00a0 \u00a0\u00a0 August 29, 2018 Before you agree to a Waiver of Subrogation If you are a vendor, supplier, sub-contractor, third-party provider or tenant, you may have been asked to sign a Waiver of Subrogation.\u00a0 It may have come in the form of an endorsement\/stand-alone document or it may have been part of a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,294],"tags":[402,404,400,398,387,401,403,399],"class_list":["post-461","post","type-post","status-publish","format-standard","hentry","category-commercial-insurance","category-insurance-terminology","tag-impact-of-a-waiver-of-surbrogation","tag-problems-with-waiver-of-subrogation","tag-risk-of-waiver-of-subrogation","tag-risk-of-waiving-the-right-of-subrogation","tag-waiver-of-subrogation","tag-who-can-sign-a-waiver-of-subrogaton","tag-why-a-waiver-of-subrogation-is-bad","tag-why-you-should-never-waive-the-right-to-subrogation-with-approval-from-your-insurance-company"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t