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Explain in brief the Principle of Subrogation. - Commercial Studies

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प्रश्न

Explain in brief the Principle of Subrogation.

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उत्तर

The Principle of subrogation implies that after indemnifying the insured for his loss the insurer becomes entitled to all the rights and remedies relating to the insured property. The insurer shall step into the shoes of the insured. The right of subrogation extends only to the extent of the sum insured.

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Principles of Insurance
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