14 reactions | Legal terminology can be confusing to anyone who doesn’t work within the industry… Here’s legal jargon decoded: subrogation   #law #subrogation #lawyers #legalterms | Mike Morse Law Firm | Facebook

Understanding surety and subrogation is one of the first major shifts in equity. Most people never realize that once you step in as the surety and settle the account, your legal position changes completely. You’re no longer the one carrying the burden. Equity now sees you as the beneficiary. And when the burden is gone, the securities have to shift. They can’t hold what you already performed on. This is why these concepts matter. They decide whether you stand in debt or stand in power. They deci

6 comments | Subrogation occurs when an insurance company seeks reimbursement for the costs of a claim from the party responsible for damages. Unless you’ve had a claim that involved subro, you may not know what to expect. | West Bend Insurance Company | Facebook