Subrogate (Verb)
Meaning
Substitute one creditor for another, as in the case where an insurance company sues the person who caused an accident for the insured.
Classification
Verbs of buying, selling, owning.
Examples
- The insurance company will subrogate its interest in the claim to you, enabling you to directly pursue the liable party for damages.
- She bought insurance for her home and then was able to subrogate the damages to the insurance after a loss.
- Their business insurance policy includes the right to subrogate any claims for losses to its customers.
- The court further ordered the payment be enforced through a performance bond sufficient to subrogate all creditors.
- By signing below, the insurance company does hereby expressly reserve the right to subrogate this claim to any and all parties at fault.