Last updated on May 16, 2017 at 02:41 pm
Last week we launched our online dictionary of Auto Insurance Terms and Definitions as a way to help explain confusing insurance industry jargon.
We understand that for some, words like “anti-theft device” and “collision insurance” aren’t part of everyday vocabulary.
…and chances are, neither is subrogation.
Subrogation is one of those words that sounds more complicated than it actually is. In short, it’s the process by which an insurance company will pay a claim to its customer and then seek reimbursement from the at-fault third party.
Since visual learning can be more helpful than just reading words, we’ve created a short video that illustrates what subrogation is all about.
For more information on subrogation or other common insurance terms, visit our online dictionary where you’ll find a host of funny videos.
Click here for more information about insurance in your state.