Subrogation in its most common usage refers to circumstances in which an insurance company tries to recoup expenses for a claim it paid out when another party should have been responsible for paying at least a portion of that claim. As a former claims adjuster, Mary Jeffers at Jeffers Denver Law clearly understands the tactics insurance companies use to try and recoup their monies.
There are two types of subrogation: legal and conventional. Legal subrogation arises by operation of law, whereas conventional subrogation is a result of a contract.
Legal subrogation takes place as a matter of equity, with or without an agreement. The right of legal subrogation can be either modified or extinguished through a contractual agreement. It cannot be used to displace a contract agreed upon by the parties.
Conventional subrogation arises when one individual satisfies the debt of another as a result of a contractual agreement that provides that any claims or liens that exist as security for the debt be kept alive for the benefit of the party who pays the debt. It is necessary that the agreement be supported by consideration; however, it does not have to be in writing and can be either express or implied.
Jeffers Denver Law handles all types of insurance subrogation cases, including:
* Commercial
* Residential
* Governmental
* Fire
* Flood
* Professional negligence
* Product failure
If you need help on an Denver Colorado subrogation case, contact an attorney at Jeffers Denver Law today.
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