A waiver of subrogation can restrict recovery against a specified party following an insured loss.
The distinction that matters
A contractual waiver and an insurer-approved endorsement are different documents; agreeing to one does not prove the other exists.
What to check
- Identify the party and scope.
- Obtain insurer approval where required.
- Check any additional premium or conditions.
Example to discuss
A tenant asked to waive recovery rights checks its policy before signing the lease provision.
This is a hypothetical comparison, not a customer claim or a determination of cover.
Sources and further reading
General information only. The policy, schedule and applicable rules determine the actual position. For a personal decision, use an appropriately qualified adviser or the relevant provider.