Contract Glossary
Waiver of Subrogation
Definition
A waiver of subrogation is a contractual clause where one party gives up their insurance company's right to seek reimbursement from the other party after paying a claim.
In Practice
A tenant leases commercial office space. The lease includes a mutual waiver of subrogation. A fire starts due to the tenant's negligence, causing $200,000 in damage. The landlord's insurance pays the claim. The waiver prevents the insurer from suing the tenant to recover, both parties' insurance covers their own losses.
Common in these contract types
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