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Recoupment

Recoupment is a broader term than subrogation, though the two are related. Through subrogation, insurers can "step into the insured's shoes" to pursue negligent service providers, vendors, or other parties whose failure caused the loss. A successful recovery can reduce the net loss, but this depends on proving fault, clearing legal hurdles, and having enough evidence.

Related Term

All Category

Recoupment is a broader term than subrogation, though the two are related. Through subrogation, insurers can "step into the insured's shoes" to pursue negligent service providers, vendors, or other parties whose failure caused the loss. A successful recovery can reduce the net loss, but this depends on proving fault, clearing legal hurdles, and having enough evidence.

Related Term

All Category

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