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How Long Does an Insurance Company Have to Subrogate?

Subrogation is a significant process that allows insurance companies to recover costs paid out in claims by pursuing payments from other parties that are responsible for the damages. Though it may seem like a straightforward process, subrogation can be complex.

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What Is Spoliation of Evidence?

If your company is currently engaged in a dispute that could lead to litigation or the legal proceedings are already ongoing, it is crucial that you understand how cases involving the spoliation of evidence are handled by courts.

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Economic Loss Doctrine

Essentially, victims of personal injury, negligent accidents, or contract breaches may be entitled to seek economic, non-economic, and other available damages for their injuries and losses. The economic loss doctrine often applies when a person suffers non-economic, economic damages, or both.

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Subrogation Process for the Insured

We all recognize the benefits of having a good insurance policy— whether it’s for your home, your health care, or your car. But many times, even though you may be familiar with the basics of your policy, you aren’t aware of what may be going on behind the scenes.

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What Is the “Made Whole Doctrine”?

Insurance companies underwrite policies with individuals and entities, who then pay a premium for the coverage they are seeking. This can be true for auto insurance, property insurance, commercial insurance, and more. When the policyholder is thereafter injured or suffers property damage covered by the insurer’s policy agreement—which generally includes a deductible and caps on the amount to be paid out—the insurer will offer a cash settlement.

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Understanding Waivers of Subrogation

Assume you’ve purchased an apartment complex, and as the new landlord, you want to make sure you’re protected against lawsuits from tenants and their rental insurance policies. You include in your lease agreement with each tenant what is called a waiver of subrogation. This will protect you from an insurance company lawsuit if, for instance, a tenant slips and falls on a stairway that has become worn from overuse.

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Subrogation FAQ

“Subrogation” is a term you may have heard at some point in your life. However, many people do not know what it means or how it relates to them.

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Liability Contracts and Policies With Contract Workers

Subrogation law, with Insurance, is constantly being used. It is part of nearly every insurance contract. The courts are loaded with lawsuits involving the negligence of a third party and subrogation claims.

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What Start-ups Should Know About Hiring a Lawyer

Starting a new company reveals a bewildering array of possibilities and decisions and near the top rests a question: “should a lawyer be involved and, if so, when?”

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How the Discovery Process Works in Business Litigation

Discovery is an essential aspect to every legal proceeding, yet many people don’t have a good grasp on what it entails. By learning more about this part of a legal proceeding, you can better understand how it will affect your business litigation.

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