Term Of the Day – Waiver Of Subrogation
The WC term of the day waiver of subrogation clause is very popular in insurance policies and rental agreements. This type of waiver is when one party gives up the right to pursue another third party for paid damages if the third party was at fault. Often an insurance carrier will put themselves in place of their insured to pursue the third party for monies paid on a claim. The subrogation waiver will not allow the carrier to pursue the third party.
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