Common use of Rights of Recovery and Subrogation Clause in Contracts

Rights of Recovery and Subrogation. If We make any payment under this Policy, We shall be subrogated to all of Your rights of recovery, to the extent of such payment made, and shall have the right to participate with You and any other insurer in the exercise of all of Your rights of recovery against any person or organization. You shall do nothing to impair or prejudice Our rights and shall execute and deliver instruments and papers and do whatever is necessary to assist Us in the enforcement of its rights. All amounts recovered by You from third parties for which You also received benefits under this Policy, shall belong to and be paid to Us by You up to the total amount of benefits paid by Us.