You can pursue compensation through your collision coverage while you undergo the personal injury and property damage claims process with an at-fault party’s provider. Often, your insurance company will provide compensation more quickly and will pursue the at-fault party’s insurance provider to recoup their costs. As explained by insurer Progressive, this process is known as subrogation or “subro” for short.
Unfortunately, subrogation claims can wind up costing you money. Insurance companies will often inflate the value of a subrogation claim to make additional money off the at-fault insurance coverage.
The fear of this leads many claimants to sign a subrogation waiver with the responsible party, meaning that the insurance company is legally barred from seeking a return on the money they paid on the claim. However, most insurance companies either forbid subrogation waivers or require that you inform them if you are signing one.
Speak with an experienced Largo property damage lawyer if a subrogation claim has been filed or someone has asked you to sign a subrogation waiver. Your attorney can help you understand your options to determine the best action to take in your situation.