BP Internal Training - Equizz

When a third party damages insured property, who can the insured make a claim against for the loss?

• Only the third party which caused the loss

• Only the Insurer who has insured the property

• The insurer or the third party, both partially

When are insurers entitled to subrogation?

• Only once the insured has been indemnified

• Once the insured makes a claim

• Only if the insured is notified beforehand

Can the insurers proceed the right of subrogation only to the extent to which case of loss below?

• Bodily injury

• Property damage

• Both bodily injury and property damage

In which case, the insurers don’t have right of subrogation to the third party?

• Waiver of subrogation clause is attached to policy schedule

• If the insurers have paid less than an indemnity because of application of average clause or deductible 

Which is not a condition to apply the right of subrogation (multiple choices)?

• The person causing the loss is the third party and is responsible for compensation.

• The compensable damage or loss must be within the scope of coverage

• The insured has indemnified

• The insurers proceed the right of subrogation to third party for the amount including which they have not provided an indemnity