Subrogation in Insurance: Understanding Its Importance

What is Subrogation in Insurance? Subrogation is a legal principle that allows an insurance company to step into the shoes of its insured and pursue a claim against a third party who is responsible for the damages. In simpler terms, it is the process by which the insurance company seeks …

Overview of Underinsured Motorist Coverage Limits Trigger

What is Underinsured Motorist Coverage? Underinsured Motorist Coverage is a type of auto insurance that provides financial protection to policyholders in the event of an accident caused by a driver who does not have enough insurance coverage to fully compensate for the damages. This coverage helps bridge the gap between …