{"id":1829,"date":"2023-10-05T10:00:00","date_gmt":"2023-10-05T10:00:00","guid":{"rendered":"https:\/\/teague.local\/?p=1829"},"modified":"2024-01-02T23:22:18","modified_gmt":"2024-01-02T23:22:18","slug":"how-to-read-fine-print","status":"publish","type":"post","link":"https:\/\/www.teagueins.com\/2023\/10\/05\/how-to-read-fine-print\/","title":{"rendered":"How to Read Fine Print"},"content":{"rendered":"\n

While it\u2019s a good idea to read your insurance policy, let\u2019s be honest, hardly anybody does. The important thing is to understand what\u2019s in it and how it works.<\/strong><\/h3>\n\n\n\n

Here are a couple of concepts you want to understand if you have a loss.<\/p>\n\n\n\n

What is subrogation and how does it apply to insurance?<\/p>\n\n\n\n

Subrogation in the context of insurance is the right of an insurance company to \u201cstep into the shoes\u201d of the insured after the company has paid the loss. Subrogation entitles the insurance company to assert any rights on its own behalf that the insured may have had to recover payment from the parties that caused the loss. The topic of subrogation is loaded with nuance and there are too many fine points to cover here. But these short explanations of how subrogation works in various types of insurance policies should be helpful.<\/p>\n\n\n\n