Rights of recovery definition

Rights of recovery means that we can claim the money that we paid out on your claim back from the responsible person (if someone else that is not insured under this policy was responsible for the loss). You must not do anything that prevents us from doing that, or that disadvantages us when doing that.
Rights of recovery means that we can claim the money that we paid out on your claim back from the responsible person (if someone else that is not

Examples of Rights of recovery in a sentence

  • Rights of recovery We have the right to take action or institute legal proceedings, in your name, for the recovery of payments made and expenses incurred in relation to any claim insured by this policy, against any person, company or entity legally liable to you in respect of that claim.

  • Rights of recovery If any law requires Us to pay a claim which would not otherwise be covered by Your Policy, We reserve the right to recover the amount from You or the person on whose behalf We made the payment.

  • Rights of recovery Upon the payment of any claim, all Your rights and remedies against such other parties will be subrogated to Us and We shall receive the benefit of any amount(s) recoverable from such other parties.

  • Rights of recovery If You have suffered loss or damage as a result of an event or occurrence covered, or partially covered by this Policy, then We have the right and You permit Us to take action or institute legal proceedings against any person, company or entity legally liable to You for the recovery of Your insured, underinsured or uninsured losses, payments made and expenses in relation to the event or occurrence (Your Loss).

  • Rights of recovery against the supplier, manufacturer, service provider or distributer in such circumstances will automatically be assigned to us.

  • Rights of recovery: We may recover any amount We pay in terms of this contract from any Employee who commits a dishonest, fraudulent, criminal or malicious act causing Your liability and any Third Party causing Your liability unless 41.2 applies.

  • Rights of recovery Upon the payment of any claim, all Your rights and remedies against such other parties will be subrogated to Us and We shall receive the beneft of any amount(s) recoverable from such other parties.

  • Cash payments should be given directly to a staff member so a receipt can be written immediately.

  • Rights of recovery apply to insurance contracts that are based in the indemnity principle, namely property and casualty insurance.

  • Rights of recovery could be invalidated in the event the insurer obtains such a right as a result of fraudulent conduct, in which case there should be an action to request the annulment of the subrogation.


More Definitions of Rights of recovery

Rights of recovery means that we can claim the money that we paid out on your claim back from the responsible person (if someone else that is not insured under this policy was responsible for the loss).

Related to Rights of recovery

  • Class A-4 Interest Rate means 3.30% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).