Subrogor Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Subrogor, written in plain English, along with examples of how it is used.
What is Subrogor?
(n) person or entity who transfers his legal right or clime for damages caused to him by collecting the compensation from the subrogee where by transferring his right to clime damages to the subrogee is defined s the subrogor. Subroger looses his clime to seek compensation.
History and Meaning of Subrogor
Subrogation is the legal process by which an individual or entity assumes the rights and obligations of another in order to pursue a legal claim or right. The subrogor is the person or entity who assigns the right to claim damages to another individual or entity, known as the subrogee. The subrogor relinquishes their right to seek compensation for damages and transfers the right to the subrogee.
The term subrogor has been used for numerous years in various legal agreements, including insurance contracts and property damage resolutions. The subrogor is typically an individual or entity that has suffered damages or losses and has been compensated by a third-party, such as an insurance company. By transferring their right to claim damages to the subrogee, the subrogor is relieved of further responsibilities and obligations regarding the damages suffered.
Examples of Subrogor
- In an insurance claim, the subrogor could be the insured individual who suffered losses and was compensated by the insurance company. The insurance company could then become the subrogree and pursue legal action against a third-party responsible for the damages.
- In a property damage settlement, the subrogor could be the homeowner who suffered damages and received compensation from their insurance company. The insurance company could then become the subrogee and pursue legal action against a contractor responsible for the damages.
- In an employment dispute, the subrogor could be an employee who suffered damages and assigned their right to claim damages to their employer, who would become the subrogee.
Legal Terms Similar to Subrogor
- Subrogation - the legal process by which an individual or entity assumes the rights and obligations of another in order to pursue a legal claim or right.
- Subrogee - the person or entity who receives the right to claim damages from the subrogor.
- Insurance claim - a claim filed by an insured individual or entity seeking compensation for damages or losses covered by an insurance policy.