Last updated on October 30, 2019 at 02:35 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.
For more information on subrogation or other common insurance terms, visit our online dictionary where you’ll find a host of funny videos.
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