subrogate
Verb: * To substitute one party for another, especially in a legal or financial context, with the substitute acquiring the rights or claims of the original party. This most commonly occurs when an insurer, after compensating a policyholder, assumes the policyholder's legal right to seek recovery from the party responsible for the loss.
The verb "subrogate" is used in formal, legal, and financial contexts. It describes the specific action of transferring a legal right or claim from one entity to another. The subject is typically the party that gains the right (e.g., the insurance company), and the object is the right or claim being transferred. * Common Structure: [Entity A] subrogates [the right/claim] from [Entity B]. * Common Voice: It is frequently used in the passive voice ("to be subrogated") or as a past participle ("subrogated rights").
- The insurance company will subrogate against the negligent driver to recover the costs of the repair.
- Upon paying the claim, the insurer is subrogated to the insured's right of action against the third party.
- The contract contained a clause allowing the lender to subrogate to the borrower's claims against the contractor.
- Subrogation Clause: A provision in a contract, especially an insurance policy, that establishes the right of one party (e.g., the insurer) to pursue recovery from a third party after making a payment.
- Example: The subrogation clause in your policy is what allows the company to seek reimbursement.
- Waiver of Subrogation: An agreement where a party (often an insurer) gives up its right to pursue a third party for damages.
- Example: The lease required the tenant to obtain a waiver of subrogation from their insurance provider.
- Subrogation (n): The act or process of subrogating; the legal principle itself.
- Example: The principle of subrogation prevents the insured from receiving a double recovery.
- Subrogee (n): The party who acquires the right through subrogation (e.g., the insurance company).
- Subrogor (n): The party whose right is transferred through subrogation (e.g., the insured policyholder).
- Succeed to: To come after and take the place of, especially in a right or office.
- Stand in the shoes of: (Idiomatic, legal) To acquire the legal position or rights of another person.
- Right of subrogation: The legal right to subrogate.
- Example: The insurer exercised its right of subrogation.
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substitute one creditor for another, as in the case where an insurance company sues the person who caused an accident for the insured
