Common use of SUBROGATION Clause in Contracts

SUBROGATION. In the event that any payment is made under this Policy in respect of any claim, the Company shall be subrogated to all the Insured’s rights of recovery against any person or organization and the Proposer / Insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The Proposer / Insured shall agree not to prejudice such rights.

SUBROGATION. In the event that any payment is made under this Policy in respect of any claim, the Company shall be subrogated to all the Insured’s rights of recovery against any person or organization and the Proposer proposer / Insured shall execute and deliver instruments and papers and do whatever else is necessary to secure such rights. The Proposer proposer / Insured shall agree not to prejudice such rights.