Definition of "Subrogate"

Cheyenne Cockrell real estate agent
Cheyenne Cockrell, Real Estate Agent Funkhouser Real Estate Group

Substituting one party for another in an action giving that party full rights or claims. Foe example, an insurance company pays the insured for a fire loss caused to the home by a third party. After the insurance company reimburses the insured for the loss, the insurance company 'now stands in the insured's shoes"" and sues the third party for the damages.

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