Also known as the ‘right to recover.’ If someone runs a red light and totals your car, your insurance company will immediately reimburse you, but they will then attempt to work with the other driver, or that driver’s insurance company, to recoup the money it paid you. This is an example of the subrogation process.
The content available on this page is provided for information purposes only. Jetty makes no representations or warranties as to the accuracy, completeness or timeliness of the information. The information is not intended to provide legal, tax or accounting advice. Each person should consult a qualified advisor for advice specific to their circumstances. Jetty assumes no liability for actions taken in reliance upon the information contained herein.