The insurer is entitled to its subrogation rights after the insured has been fully indemnified.

Name: The insurer is entitled to its subrogation rights after the insured has been fully indemnified.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Subrogation rights allow an insurer to pursue a third party that caused an insurance loss to the insured. This right is typically exercised after the insured has been fully compensated for their loss, ensuring that the insured does not receive a double recovery.

The Insurer Is Entitled to Its Subrogation Rights After the Insured