The insurance principle that allows an insurance company to take over the rights of the insured once he has been compensated is

  • A indemnity
  • B proximate cause
  • C utmost good faith
  • D subrogation

The correct answer is D. subrogation

In the event of an insurance claim, “subrogation” refers to the process by which your insurance company collects money from the party at fault (or their insurance company) in order to recover funds you or your insurance company have already paid, including your deductible

Previous question Next question