Having full control over your files at any time is crucial to ease your day-to-day tasks and improve your productivity. Achieve any objective with DocHub features for papers management and practical PDF file editing. Access, adjust and save and integrate your workflows with other protected cloud storage services.
DocHub offers you lossless editing, the opportunity to use any formatting, and safely eSign papers without the need of searching for a third-party eSignature software. Obtain the most from the document management solutions in one place. Consider all DocHub features right now with your free account.
In this training on subrogation, Prasad Parthiban explains that subrogation is the right of insurance companies to pursue a third party responsible for the insured's loss. He provides an example involving a personal auto policy: if a collision occurs due to a third party's negligence, the insured files a claim with their insurer. After the insured pays the deductible (e.g., $500), the insurance company covers the remaining loss (e.g., $4,500 of a $5,000 claim). This process allows the insurer to recover costs from the party at fault. The discussion emphasizes the importance of understanding subrogation in the context of insurance claims.
