Subrogation

[PatientPanda]

Can anyone explain to me what subrogation means? I had an accident a while ago and Im being chased for some money. I expected the other guy to just leave it, but someone has suggested to me that it could actually be their insurer through something called "subrogation"??

[MIKE770]

Re: Subrogation

Subrogation - Wikipedia

https://en.wikipedia.org/wiki/Subrogation

[Kati]

Re: Subrogation

Subrogation - Wikipedia

Subrogation is a legal doctrine whereby one person is entitled to enforce the subsisting or revived rights of another for one's own benefit. A right of subrogation typically arises by operation of law, but can also arise by statute or by agreement.

http://injury.findlaw.com/accident-i...on-action.html

subrogation means one person or party stands in the place of another. Subrogation issues surface when a person has been injured and someone other than the person or party at fault pays for all or some of the damages resulting from the injury.

[des8]

Re: Subrogation

Is this a motor accident?
Who is claiming the money? the third party (ie other person involved in the accident) or their insurers?

If you have been involved in an accident you should notify your insurers as soon as possible, and pass to them unanswered any correspondence received from the third party

In insurance terms subrogation allows an insurer to avail themselves of all the rights of their policyholder. It enables the insurer to take over the settling of claims as they see fit, and to recover losses from the third party if possible.