When an insurer pays a claim to its insured under a contract of insurance and attempts to recover the amount from a third party whom it believes is responsible for the damage, what is this called? Indemnity. Contribution. Warranty. Subrogation.
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PLS HELP ASAP
![When an insurer pays a claim to its insured under a contract
of insurance and attempts to recover the amount from a third
party whom it believes is responsible for the damage, what is
this called?
Indemnity.
Contribution.
Warranty.
Subrogation.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F90502412-4b42-4711-a1f0-0436bb4aba86%2F4ec20f15-a312-4f45-a5b6-0703436f6fa9%2Fjnmg1kh_processed.png&w=3840&q=75)
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