Change of car owner: In the case of a change of owner, the rights and liabilities of the third party insurace are subrogated to the new owner. |
It is conceivable that damages beyond the subrogated damages might be found to be too remote or to be non compensable pure economic loss. |
A surety who pays off the debt owed by the principal debtor is subrogated to any securities given by the debtor as security for the debt. |
The insurers, having paid a claim made by the lessees of the refinery, brought against the defendants a subrogated claim for negligence. |
The last branch of the definition is of importance where a third party is subrogated to the original surety's rights. |
If the guarantee were to be called in, the Company would be subrogated to the rights of CIBC and benefit from the same security. |