What is regress in insurance?

Where is the regress in insurance most often used today? The process and essence of subrogation (recourse) are described and substantiated in the Civil Code. According to the legislation, regression in insurance is the right of the insurer to make claims to the party guilty of causing damage to the insurance object, which led to the occurrence of the insured event.

Most often, recourse claims are filed for compensation of damage caused to such types of property: automotive equipment;

• Residential and commercial real estate;
• Values and household appliances.

The leader in the number of cases in which the regress is put forward - insurance of vehicles, both personal and official.

Article 76 of the "OSAGO Rules" regulates all issues related to recourse claims of insurance companies. How does everything work in practice? In the case of an accident, an examination of the damaged vehicle is carried out and the person (or persons) guilty of causing the damage is identified. The insurer compensates the insured owner of the transport incurred losses within the insured amount.

Further, the company, wishing to refund the money paid, submits a statement of claim to the court. The judge reviews all documents provided by the parties, and decides whether to satisfy the recourse action. This is the regress in insurance in action.

There are two options for someone who will pay back the amount required by the insurance company. The first one implies that the culprit has an insurance policy of CASCO. In this case, claims are received by its insurer, who responds to them. Probably, the limit of payments on the insured event will be exceeded, then the rest of the amount is collected from the guilty person. If the contract of insurance with the culprit is absent, then he pays the entire amount in full.

The right to put forward a regress in insurance arises in the case of proven intent in causing damage to the health or property of the insured. Also the grounds are:

• Finding the guilty person at the time of causing damage in alcohol or any other intoxication;
• The absence of the right to drive a vehicle that has fallen into an accident;
• Unauthorized abandonment of the scene ;
• The occurrence of an insured event in a period that is not stipulated by the insurance contract
• Transport management by a person not admitted to this in accordance with the insurance contract.

Insured property

After motor transport the second in number of cases in which the regress in insurance is put forward, is the real estate. You can insure almost everything: an apartment, a house, a warehouse or a store. In addition, prudent citizens insure expensive repairs and household appliances from a variety of troubles - from fire to flood.

Voluntary housing insurance will provide compensation payments, if the apartment is flooded because of neighbors, thieves visited the cottage or because of power surges, electrical equipment burned. Then the "headache" of the insurance company will be the search for persons guilty of causing damage, and evidence supporting their guilt. If, of course, the insurer wants to put forward recourse claims to them and return their money.