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DEFINITION OF SUBROGATION
An insurance carrier may reserve the "right of subrogation" in the event of
a loss. This means that the company may choose to take action to recover the
amount of a claim paid to a covered insured if the loss was caused by a third
party. After expenses, the amount recovered must be divided proportionately
with the insured to cover any deductible for which the insured was reponsible.
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