Meaning waiver of subrogation
What does waiver of subrogation mean? Here you find 8 meanings of the word waiver of subrogation. You can also add a definition of waiver of subrogation yourself
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waiver of subrogationAn agreement between two parties in which one party agrees to waive subrogation rights against another in the event of a loss. The intent of the waiver is to prevent one party's insure [..]
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waiver of subrogationWaiver of subrogation refers to a contract clause giving up the right to subrogation. Subrogation means one party has the right to "step into the shoes" of another party for the purposes of [..]
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waiver of subrogationAlso known as 'transfer of rights of recovery,' the relinquishment by an insurer of the right to collect from another party for damages paid on behalf of the insured
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waiver of subrogationThis endorsement provides for a waiver of subrogation for Liability Coverage for the person(s) or organization named in the endorsement.
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waiver of subrogationProvision stating coverage will not be prejudiced if the insured has waived any rights of recovery from a responsible party in writing prior to a loss.
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waiver of subrogationAlso known as 'transfer of rights of recovery,' the relinquishment by an insurer of the right to collect from another party for damages paid on behalf of the insured
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waiver of subrogationAn insurer has the right of subrogation; however, it may waive that right through this method.
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waiver of subrogationProhibits the insurance company from attempting to seek restitution from a third party who causes any kind of loss to the insured.
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