Insurance 101 – Chapter 10 – Volume 7 – Cases With Subrogation Potential

Cases With Subrogation Potential

There is subrogation potential to the insurer on nearly every loss the adjuster investigates, no matter how slim the chances of collecting from the other party. The adjuster must listen carefully to what the insured says when he or she tells the adjuster what happened. The adjuster should ask questions with subrogation in mind. The adjuster should think about what the insured would do if the insured had no insurance. The adjuster should also remember that if the wrongdoer is insured, the chances of collection increase logarithmically even if liability is slim. Some insurers, being highly practical business people, will settle almost any case for the perceived cost of defending it. The adjuster should always be thinking about who, or what, is responsible for the loss. If possible, the adjuster should identify the wrongdoer’s insurer since insurers are easier to negotiate with than individuals and corporations.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

 

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