Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Samantha (Sam) Silberstein, CFP®, CSLP®, EA, is an experienced financial consultant. She has ...

Subrogation is a fundamental concept in insurance that allows an insurance company to step into the shoes of the insured after a loss and seek recovery from a third party that caused the damage.

Subrogation is a cornerstone of insurance law and practice. It enables insurers to “step into the shoes” of the insured and pursue recovery from third-party wrongdoers responsible for the insured’s ...