Common use of Subrogation Allowed Clause in Contracts

Subrogation Allowed. Resident acknowledges that subrogation is allowed by all parties. Accordingly, Landlord’s commercial insurance carrier may make a claim against Resident for losses it pays as a result of Resident’s negligence, and Resident’s insurance carrier may make a claim against Landlord for losses it pays as a result of Landlord’s negligence. Landlord retains the right to hold Resident responsible for any loss in excess of Resident’s insurance coverage.

Subrogation Allowed. Resident acknowledges that subrogation is allowed by all parties. Accordingly, Landlord▇▇▇▇▇▇▇▇’s commercial insurance carrier may make a claim against Resident for losses it pays as a result of Resident’s negligence, and Resident’s insurance carrier may make a claim against Landlord for losses it pays as a result of Landlord’s negligence. Landlord retains the right to hold Resident responsible for any loss in excess of Resident’s insurance coverage.