Subrogation With Example In New York

• Category: Insurance - Complaints
• State: Multi-State
• Control #: US-000279
• Format: Word; Rich Text

Description

The document serves as a Complaint for Recovery and Declaratory Judgment concerning a subrogation case in New York. In this scenario, the plaintiff—a named insurance company—seeks recovery of damages paid out due to a car accident in which the defendant was involved. Subrogation allows the insurance company to step into the shoes of the insured to seek reimbursement from the at-fault party, thus recovering costs related to medical bills and property damages. The form includes key sections such as jurisdiction, parties involved, and the nature of the action, which provides a straightforward structure for legal proceedings. Filling out this form involves clearly identifying the parties, detailing the accident specifics, and specifying the subrogation claims and monetary figures. It's vital for attorneys, paralegals, and legal assistants to accurately represent these elements to ensure a strong case. Additionally, this form can be utilized when parties have differing state citizenships, satisfying jurisdictional requirements under federal law. This document is crucial for any legal professional dealing with insurance claims and subrogation, offering a clear framework for advocating client rights.