When others cause damage to a policyholder’s insured property, there arise issues about liability for those causing the damage. When insurance companies pay their policyholders and then seek reimbursement from those causing the damage, this is known as “subrogation.” But what happens when policyholders have deductibles or losses in excess of the payment from their insurers? Who gets paid first, the subrogating insurers or the policyholders? This is where the “made whole” doctrine comes into play.
Continue Reading Florida’s Made Whole Doctrine and Subrogation