Briefly explain the concept of subrogation in the context of property insurance.

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Briefly explain the concept of “subrogation” in the context of property insurance.

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Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0133847154

5th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

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Question Posted: Feb 20, 2019 10:44 AM

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Briefly explain the concept of subrogation in the context of property insurance.

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Property or firstparty insurance consists of a contract between the insured and the insurer The insured is worried that its property may be lost damaged or destroyed If so it will suffer a loss It the...View the full answer

Managing the Law The Legal Aspects of Doing Business

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