Difference Between Subrogation And Recovery In Virginia
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When you file a claim, your insurer can try to recover costs from the person responsible for your injury or property damage. This is known as subrogation.
Virginia Workers Comp and Subrogation Virginia Code Section 65.2-309 states that an employer has a lien against any verdict or settlement you receive in a third-party claim. Further, the employer is subrogated to the right to sue the third party for liability in civil court.
Virginia Anti-Subrogation Statute for Health Insurance Payments (Code Section 38.2-3405) Virginia's anti-subrogation rule states that a health insurance company may not seek indemnification from its insured.
Insurance companies don't have forever to make a subrogation claim. While the statutory limitations period can vary depending on the type of subrogation claim made—and in which jurisdiction it is made—the standard statute of limitations ranges from one to six years.
It states that a subrogated insurance company standing in the shoes of its insured cannot bring a subrogation action against or sue its own insured.
