Car Insurance - What Is Subrogation in Motor Insurance Claims?
What is subrogation in motor insurance policies claims?
In the context of Singapore, under the Barometer of Legal responsibility (BOLA) system, a subrogation declare is a declare produced in opposition to the 1st party by the third celebration for the very first party element in the accident. Subrogation statements can usually impact motorists when they the very least assume it.
For illustration, Mr. A was riding a motorbike in 2008 when a saloon car knocked into him from behind. Mr. A suffered sabung ayam some minimal accidents and also damages to his bike. The incident was promptly described to the authorities and left to the respective insurers of both parties to sort out the statements.