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What’s A Waiver Of Subrogation?

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A“Waiver of Subrogation” is a common provision found in most self-storage rental agreements. It involves the subrogation rights of an insurance company as to whether it may
assert an action against a party who causes the harm for which the insurance company is required to pay its insured. Typically, if a tenant is damaged by a landlord’s action and the tenant’s insurance company pays on that claim, the tenant’s insurance company has the right to “step into the shoes” of the tenant, its insured, and pursue a claim against the landlord to recover what it paid the tenant on its claim.

By Scott Zucker