Definition A clause that allows the insurer to engage in action against a liable third party to recoup any money for a loss the insurer has already paid. Under this clause, the insurer cannot recoup m [..]

section of insurance policies giving an insurer the right to take legal action against a third party responsible for a loss to an insured for which a claim has been paid.

Subrogation clause is a provision in an oil-and-gas lease which allows lessee to pay taxes, mortgages or other encumbrances on the leased property. The subrogation clause also permits to recover payme [..]

Clause giving the auto insurance company the right to seek damages from a third party who is responsible for the loss the insurer paid the policyholder.

A lease provision that permits the lessee to pay taxes, mortgages or other encumbrances on the leased property and to recover such payments out of future proceeds under the lease. In oil and gas leases, usually seen in the Warranty of Title Clause. Many times it will be one of the last paragraphs on an oil and gas lease.