Subrogation Recovery Services

1
Latitude Subrogation Services
2
The Benefits of Subrogation in Car Insurance

• If you an automobile owner, you would already be
  aware of the importance of car insurance. The car
  insurance covers for expenses of car damage or
  injuries to the drivers or other persons in the
  event of a car accident. Having a car insurance
  or at least motorist liability is legally
  required in all states, and it is governed by
  state laws. Even if you are an insured driver,
  you may not be aware of the concept of
  subrogation and its importance. Almost all
  insurance companies have Subrogation Management
  departments through which they claim
  reimbursements from the party at fault in the
  case of an accident or injury.

3
What is Subrogation

• Subrogation is a concept in insurance in which
  the insurance company assumes the legal rights of
  insured person to make claims against the
  individual or part at fault in the events of an
  accident or injury. It is when the insurance
  company puts itself in your shoes to sue the
  other party for damage claims.
• To make things simple, lets look at this
  example.
• You are driving on the highway following the
  speed limit, a car driven by an intoxicated
  driver above the speed limit hits you from the
  back. You sustain some physical injuries, and
  your car is ruined. You make claims for damage
  recovery to your insurance company. The insurance
  company would ask you questions about when and
  how and would get to know that the accident
  happened because of someone elses fault. So,
  they will engage their Subrogation Services to
  sue the party at fault. The insurance company
  will pay you the damages and will ask the party
  at fault for reimbursement.

4
When The Driver At-Fault Is Insured

• If the other driver would be insured, the
  insurance company will go after the insurance
  provider of the driver. This process is
  relatively simple as it involves administrative
  and legal correspondence between the two
  companies. In this case, there will be an
  investigation from both ends.
• WHEN DRIVER IS NOT INSURED
• If driver is not insured, the insurance company
  will sue the driver. Usually, the driver has the
  liability damage which is required by the state
  law. But, this process is complicated and time
  taking as it involves legal proceedings, lawyers,
  and so on.

5
When Both the Drivers Are at Fault

• In case the accident happened because of the
  fault of both drivers, there will be a partial
  reimbursement of the subrogation claim. For
  example, the other driver was intoxicated and
  above speed limit, but you also ran a red light
  which caused the accident. In this case, the
  reimbursement of claims will be with percentage
  the of fault of both drivers. The investigation
  finds out that it was 30 your fault and 70
  other drivers fault. So, your insurance company
  will file a partial subrogation of 70.
• BENEFITS OF SUBROGATION
• The insurance companies with higher Subrogation
  Management have higher performance ranking.
• The subrogation takes away the headache of suing
  other part on your own which requires paperwork,
  time, money and knowledge about laws.
• As the insurance company is able to recover part
  or full amount, it keeps your premium low.

6
Contact

• Address 1760 South Telegraph Rd,Suite 104
• Bloomfield Hills, MI 48302
• Phone [phone]
• Website https//www.latitudesubro.com