Read Our Posting Guidelines! 1  We encourage relevant and thought-provoking submissions. 2  Off-topic posts will be removed at mod discretion, specifically: 3  No pictures with text, including memes.  Posts with New Kadampa Tradition-related content will be removed.
Waiver of Subrogation. A waiver of subrogation is an agreement by an insured person to leave his insurance company out of the claim. This comes into play when an individual who caused damages wants to settle the matter directly with the other partyâs insurance company.
In laymanâs terms, subrogation occurs when an insurer pays an insured for a loss caused by a third party. The insurance company is then âsubrogatedâ â or steps into the shoes of the insured â to sue that third party for the loss suffered by the insured.