What is Subrogation?

Getting into a car accident is a huge inconvenience, especially if you’re not the one responsible for the collision. Your main goal is probably to simply get your life back to normal, so how can you ensure that your car is repaired as quickly as possible? What if you don’t trust the other person’s auto insurance company to compensate you fairly, or what if they’re simply taking their sweet time in actually moving the process along?

Even if it’s been determined that you definitely are not responsible for the accident, you can file a claim under your own comprehensive coverage and pay your deductible. Then, because it’s the financial responsibility of the at-fault driver and their insurer to get you back to pre-accident condition, your insurance company would use subrogation to file a claim with the other insurance company. This will allow them to get back any money paid out for repairs, including your deductible.

Insurance is Confusing, Let Nevada Insurance Enrollment Lead You

Sound complicated? Fear not; you don’t actually have to do much of anything, because your insurance company takes care of the whole process on your behalf. Subrogation simply provides an efficient way to get your car repaired quickly while ensuring that neither you nor your insurance company ends up paying money that you don’t owe. Just make sure that you report any accidents, and speak with your auto insurance agent if you plan to take legal action or agree to a settlement, particularly if it involves a waiver of subrogation.