Subrogation waiver

Subrogation waiver,

Definition of Subrogation waiver:

  1. A waiver signed by the insured that relinquishes his or her rights to collect from a third party for a loss. Typically, insurance policies require the insured to preserve subrogation rights. Commercial property insurance policies usually allow a subrogation waiver as long as it is signed before any loss occurs.

Meaning of Subrogation waiver & Subrogation waiver Definition