Common use of Right of recourse Clause in Contracts

Right of recourse. Once the insurer has paid compensation for the damage, the insurer takes over your right to claim compensation from the person who is liable to you for the damage.

Appears in 9 contracts

Samples: Insurance Terms and Conditions, Insurance Terms and Conditions, Insurance Terms and Conditions

AutoNDA by SimpleDocs

Right of recourse. Once As the insurer has paid compensation for the damage, the insurer takes over your right to claim demand compensation from the person who is liable to you for because of the damage.

Appears in 5 contracts

Samples: Insurance Terms and Conditions, Insurance Terms and Conditions, Insurance Terms and Conditions

Right of recourse. Once As the insurer has paid compensation for the damage, the insurer takes over your right to claim demand compensation from the person who is liable to you for in respect of the damage.

Appears in 4 contracts

Samples: Insurance Terms and Conditions, Insurance Terms and Conditions, Insurance Terms and Conditions

Right of recourse. Once the insurer has paid compensation for the loss or damage, the insurer takes over assumes your right to claim compensation from the person anyone who is liable to you for the loss or damage.

Appears in 2 contracts

Samples: Insurance Terms and Conditions, Insurance Terms and Conditions

AutoNDA by SimpleDocs

Right of recourse. Once As the insurer has paid compensation for the damage, the insurer takes over your shall assume the insured’s right to claim compensation from the person who that is liable to you for the insured in respect of the damage.

Appears in 1 contract

Samples: Vehicle Rental Agreement

Right of recourse. Once As the insurer has paid compensation for the damage, the insurer takes over your the insured's right to claim demand compensation from the person who is liable to you the insured for the damage.

Appears in 1 contract

Samples: Insurance Terms

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!