What is Subrogation and How Does It Affect You?

What is Subrogation and How Does It Affect You?

If you’ve ever read a Product Disclosure Statement, you might have seen a clause relating to Subrogation. It’s a little understood insurance concept and you’d be forgiven for glossing over when reading it. So, what is it exactly? The dictionary definition of subrogation is: “the substitution of one person or group by another in respect […]

If you’ve ever read a Product Disclosure Statement, you might have seen a clause relating to Subrogation. It’s a little understood insurance concept and you’d be forgiven for glossing over when reading it. So, what is it exactly? The dictionary definition of subrogation is: “the substitution of one person or group by another in respect [...]
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