SUBROGATION Meaning and
Definition
-
Subrogation is a legal term that refers to the process by which an individual or entity, typically an insurance company or a subrogee, steps into the shoes of another party, known as the insured or the subrogor, to pursue a claim or recover damages on their behalf. It is a legal doctrine that allows the subrogee to seek reimbursement from a liable third party who is responsible for causing the loss or damage.
The concept of subrogation arises in situations where the insured party has suffered a loss or injury due to the actions or negligence of a third party. After the insurer compensates the insured for their loss, the insurer is entitled to step into the insured's position and pursue legal action against the at-fault party in order to recover the amount paid out.
By invoking subrogation rights, the subrogee essentially steps into the shoes of the insured and assumes all rights, claims, and remedies that the insured would have against the responsible third party. This allows the subrogee to seek compensation for the loss or damage suffered by the insured, effectively transferring the insured's right of recovery to the subrogee.
Subrogation is an important mechanism in insurance, allowing the insurer to recover costs and prevent the insured from receiving a double recovery. It helps promote fairness, by ensuring that the responsible party bears the financial consequences of their actions or negligence, rather than passing the burden onto the insurer or the insured.
-
In law, the substitution of one person in the place of another.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for SUBROGATION
- aubrogation
- zubrogation
- xubrogation
- dubrogation
- eubrogation
- wubrogation
- sybrogation
- shbrogation
- sjbrogation
- sibrogation
- s8brogation
- s7brogation
- suvrogation
- sunrogation
- suhrogation
- sugrogation
- subeogation
- subdogation
- subfogation
- surogation
- Sarogation
Etymology of SUBROGATION
The word "subrogation" originated from the Latin term "subrogatio", which is derived from the verb "subrogare". "Subrogare" is composed of two Latin elements: "sub", meaning "under" or "instead of", and "rogare", meaning "to ask" or "to request". Hence, the term "subrogatio" originally referred to the act of appointing someone to replace or act on behalf of another. Over time, the term evolved to specifically denote the legal concept of subrogation, which refers to the substitution of one person or entity's rights or claims with those of another party.
Similar spelling words for SUBROGATION
Infographic
Add the infographic to your website:
