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General

Subrogation

Subrogation is your insurer's right to seek reimbursement from a third party who caused your loss. If they recover money from that party, your deductible may be refunded.

Your insurer's right to chase reimbursement from a third party who actually caused the loss. If they recover money, your deductible may come back to you. Example: a neighbor's tree falls on your fence. Your homeowners pays you minus your deductible. Your carrier then pursues the neighbor's homeowners and recovers the cost. Your $1,000 deductible is refunded when the recovery closes.