If you have been the victim of a situation that has ruined your house, personal vehicle, business, personal vehicle, or other property that you own, and you anticipate your insurance company will cover your losses.
In another situation, if you cause an accident, the insurance company might ask you to pay them back for what they paid to fix the damage. This is called a subrogation claim, and it can be pretty expensive.
It’s tough to fight these insurance claims on your own as those insurance companies have a lot more money and lawyers than you. But if you hire a legal expert who specializes in property damage, subrogation claims can help you fight the insurance company and get the payout you deserve according to the LA injury lawyer at RKM. Here in this article, you will find the solution to these circumstances.
What Is a Subrogation Claim?
Before knowing the tips and tricks of dealing with subrogation claims what we really need to know is what actually this means. When you present an insurance claim after any of your property damage or loss, it becomes the responsibility of the insurance company to cover the expenses to make you whole, whether that means repairing the damage or replacing your damaged property if that property is insured.
Suppose you become the target victim of a minor car accident, then it would be the insurance company’s responsibility to pay for the cost of whatever repairs your car requires. On the other hand, If you were in a major accident, then the insurance company might claim that your car is a total loss and would offer you money to replace it.
Basically, the insurance companies pay for damages, but if you cause it, they might try to get their money back from you. This is called a subrogation claim.
What Are The Property Damage Might Lead To A Subrogation Claim?
There can be any situation where property damage could lead to a subrogation claim, but here are some of the most common subrogation claims that you should know:
● Fire damage
● Water damage
● Flood damage
Tips To Fight A Subrogation Claim
If you guys ever face a situation like the one mentioned above and want to resolve the matter in a positive way, then you have to follow these strategies and file a property damage subrogation claim:
● The very first step to face this situation is to prove that it’s not your fault for the damage. You need to know that the subrogation claims always rely on fault, and those companies can only file claims against those who can prove to be responsible for property damage.
● The second step is to challenge the amount of the claim. Companies might increase the value of a property damage claim so they can get even more money through subrogation.
● The third step is a subrogation waiver; this means that if you are the property owner and you agree to a waiver, the insurance company’s policy can allow them to do so, or you can talk directly with the property owner to avoid any subrogation claims.
● So, another thing that you should know is that Insurance companies can’t always get their money back from you, even if you caused the damage. So, get a lawyer who can help you find mistakes in your claim so you don’t have to pay.
● The last thing that is very important during this situation is that if fighting the claim doesn’t work, you can try talking down the amount you owe the insurance company. They often want a quick settlement and might be open to negotiation.
Final Thoughts
Now that you know subrogation claims can be stressful, you don’t have to panic while tackling the situation. All you need to do is hire a good lawyer who can fight the claim, find mistakes in it, or deal a lower amount to pay.