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Insurance 101 - Subrogation

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Standard insurance polices have several clauses and conditions to the coverage they provide, and subrogation is often one of those clauses. Watch this video to learn about subrogation, how it works, and how it affects you!
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Text Comments (9)
Bala Ji (1 month ago)
good one..!!
Shan Plez (2 months ago)
Great illustration.
CentralInsurance (2 months ago)
Thanks for watching!
Gary Wickert (4 months ago)
Subrogation is nothing new. It is one of the oldest legal concepts in jurisprudence, having had its roots in Roman law. Under the reign of Emperor Hadrian (A.D. 177 – A.D. 138), Roman law began to shape the building blocks of subrogation. The relation of suretyship could be created by stipulation. Suretyship was an accessory contract, and the surety was known as the fidei-jussor. Sureties had the beneficium divisionis, and enjoyed also the beneficium ordinis, invented by Justinian, and the beneficium cedendarum actionum, or subrogation to the right of action of the creditor against the principal debtor, or pro rata against the co-sureties. It came to America through civil law, and it was from the civil law that the Courts of Chancery (equity) derived both the term and the doctrine of subrogation. As a result, subrogation is one of the oldest concepts known to the Anglo-American common law. It seems to have been formally established in common law in the Magna Carta. It prevents a double recovery, holds down the cost of insurance premiums, and prevents the wrongdoer (tortfeasor) from benefitting just because he happens to injure someone who was properly insured. In most states, the collateral source rule would prevent the injured party from recovering these damages anyway. Your insurance premiums would be much, much higher without subrogation. That is why you agree to it as part of your policy when you purchase your policy. If you don't want it, your insurance company would be happy to charge you a much higher rate to be without it.
nabilo ahmed (8 months ago)
thank you nice explanation keep it up
CentralInsurance (8 months ago)
We appreciate your feedback.  Thanks for watching!
Kevinn Gonzalez (1 year ago)
i got in a accident not to long ago in August and we did everything civil but i didint sign any police report nore there was no police report so how is it that i owe 2,000 to this other person who was at fault but says i was ,since i had no insurance at the time but i jad already had my lisence suspended because of this and paid alout to get them back with restrictions and sr22 for 1 yr
Maria Gordon-Lewis (1 year ago)
Great Video. Simple illustrated and informative.
CentralInsurance (1 year ago)
Thanks for your feedback and for watching, Maria!

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