subrogation
Stepping into shoes
Subrogation is a legal principle where one party steps into another's rights, typically to pursue a claim.
Most commonly, an insurance company pays a policyholder's claim, then assumes the right to recover that amount from whoever caused the damage: After paying for the repairs, the insurer pursued subrogation against the at-fault driver.
The term appears almost exclusively in insurance and legal contexts.
Protection against financial loss
- liabilityLegal or financial obligation
- third-partyExternal, uninvolved entity
- claimantOne asserting entitlement
- plaintiffCivil case initiator
defendant · waiver · doctrine · equitable · remedy · assignment · contribution · precedent
Owner of insurance contract
- deductibleOut-of-pocket threshold amount
- coverageExtent of inclusion
- claimStatement of ownership or truth
- underwriterOne who assumes financial risk
premium · adjuster · insurer · beneficiary · casualty · exclusion · endorsement · peril
Legal dispute process
- damagesCompensation for injury
- settlementResolved dispute or colony
- verdictOfficial court decision
- compensationPayment for services rendered
restitution · adjudication · arbitration · mediation · appeal · enforcement · redress · collection
Giving back what's owed
- recoupmentRecovery of losses
- indemnificationCompensation for loss suffered
- reparationCompensation for injury done
- satisfactionState of fulfilled desires
disbursement · payback · amends · recompense · adjustment · refund · remuneration · made whole
One who replaces another
- transferMove between locations
- derivativeFunction's rate of change
- assumeAccept as true
- vicariousExperienced through another
indemnity
Protection against financial loss
- liabilityLegal or financial obligation
- third-partyExternal, uninvolved entity
- claimantOne asserting entitlement
plaintiff · defendant · waiver · doctrine · equitable · remedy · assignment · contribution · precedent · tort
policyholder
Owner of insurance contract
- deductibleOut-of-pocket threshold amount
- coverageExtent of inclusion
- claimStatement of ownership or truth
underwriter · premium · adjuster · insurer · beneficiary · casualty · exclusion · endorsement · peril · underwriting
litigation
Legal dispute process
- damagesCompensation for injury
- settlementResolved dispute or colony
- verdictOfficial court decision
compensation · restitution · adjudication · arbitration · mediation · appeal · enforcement · redress · collection · negotiation
repayment
Giving back what's owed
- recoupmentRecovery of losses
- indemnificationCompensation for loss suffered
- reparationCompensation for injury done
satisfaction · disbursement · payback · amends · recompense · adjustment · refund · remuneration · made whole · out-of-pocket
successor
One who replaces another
- transferMove between locations
- derivativeFunction's rate of change
- assumeAccept as true
subrogationself-insurance
Assuming risk personally
no-fault · personal liability · direct action · contribution