Subrogation

pen_contractSubrogation is the legal doctrine whereby one person takes over the rights or remedies of a creditor against his/her debtor.  Under subrogation law, subrogation rights can arise by agreement typically as part of an insurance contract.

If an insured has a covered loss and submits a claim to his/her insurance company, then the insurance company will investigate the loss to determine, among other things, if a third party is responsible for all or part of the loss.  For example, if your car is damaged in an accident and the other car’s driver caused the accident, then your insurance company will typically pay the insured’s loss to the extent that it is covered and the insurance company becomes subrogated to the insured¹s rights against the wrongdoer.

That is where RaichelsonLaw, P.C. comes in; we will pursue the insurance carrier’s rights against the third party offender in an aggressive, efficient and cost effective manner.  We will assist the insurance company in its investigation of liability against the third party, and we will analyze collectability using state of the art collection software tools.  Our ability to analyze collectability is enhanced in that Michael H. Raichelson is a certified Bankruptcy Law Specialist with the State Bar of California, Legal Board of Specialization.  His background provides a unique perspective related to liability and collectability that other attorneys may lack.

We work hard to go after subrogation claims that are not only valid, but also collectible.  We provide phase reporting and budgeting to our clients, so our clients always know what stage of litigation we are in and the future costs of moving forward.  We know that it is vitally important to collect against third party wrongdoers as quickly and as cost effectively as possible.  We also provide in house seminars for other subrogation professionals related to subrogation laws, liability and collectability.

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