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.
What is 'Subrogation'. Subrogation is a term denoting a legal right reserved by most insurance carriers. Subrogation is the right for an insurer to legally pursue a third party that caused an insurance loss to the insured. This is done as a means of recovering the amount of the claim paid by the insurance carrier to the insured for the loss.