Subrogation Release Form

Subrogation Release Form Template for England and Wales

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Key Requirements PROMPT example:

"I need a Subrogation Release Form for an insurance claim settlement of £50,000 relating to water damage in a commercial property, where our insurance company will pursue recovery against the building contractor responsible for faulty plumbing installation."

Document background

The Subrogation Release Form is a crucial document in insurance claim settlements under English and Welsh law. It is used when an insurance company has compensated their insured for a loss and wishes to preserve their right to pursue recovery from responsible third parties. The form documents the payment made to the insured, formally transfers legal rights to the insurer, and includes specific details about the incident, parties involved, and the scope of rights being transferred. This document is essential for insurers to maintain their recovery rights and is commonly used across various insurance sectors including property, liability, and commercial claims.

Suggested Sections

1. Heading and Date: Document title and date of execution

2. Parties: Details of insurer, insured, and third party involved

3. Background/Recitals: Description of incident, claim, and payment details

4. Consideration Statement: Statement of payment or consideration being provided

5. Release Language: Formal release of claims and transfer of rights

6. Signature Block: Execution provisions for all parties

Optional Sections

1. Confidentiality Clause: Additional clause to keep settlement terms private, typically used in sensitive or high-value cases

2. Non-Admission Clause: Optional clause stating that payment does not constitute admission of liability

3. Return of Documents: Optional provisions for returning relevant documentation when sensitive documents were exchanged

Suggested Schedules

1. Schedule of Damages: Itemized list of damages being compensated

2. Schedule of Rights: Detailed list of rights being transferred through subrogation

3. Evidence of Payment: Proof of settlement payment

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

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Authors

Alex Denne

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