what means waiver of recovery
Waiver of Subrogation. There are certain situations where it makes sense to waive the right of subrogation. Leases, for example, frequently contain a provision stating that the landlord and tenant waive rights of recovery against one another to the extent the loss is covered by insurance. Hold Harmless Agreement It is impossible, however, to talk about âwaiver of subrogationâ without mentioning the issue of a hold-harmless agreement. These waivers are