Subrogation Agreement - Rhode Island

Subrogation Agreement is a legal document that was released by the Rhode Island Department of Environmental Management - a government authority operating within Rhode Island.

FAQ

Q: What is a subrogation agreement?
A: A subrogation agreement is a legal contract that allows an insurance company to recover the amount it paid out on a claim from a third party who may be responsible for the loss.

Q: Why is a subrogation agreement important?
A: A subrogation agreement helps insurance companies recover their expenses, which ultimately helps to keep insurance premiums affordable for policyholders.

Q: How does a subrogation agreement work?
A: When an insured person files a claim with their insurance company for a loss, and the insurance company pays out on the claim, the insurance company has the right to seek reimbursement from any other party that may be responsible for the loss.

Q: Is a subrogation agreement enforceable in Rhode Island?
A: Yes, subrogation agreements are generally enforceable in Rhode Island as long as they are fair, reasonable, and meet the requirements of the law.

Q: Can I refuse to sign a subrogation agreement in Rhode Island?
A: As an insured person, you have the choice to refuse to sign a subrogation agreement. However, it is important to understand that refusing to sign may affect your ability to receive full reimbursement from your insurance company.