Refinancing agreement - lender obtaining equitable mortgage only - judge granting possession order to lender - whether lender subrogated to rights of first chargee - appeal dismissed Cheltenham & ...
The subrogation right of an insurer under the Standard Mortgage Clause in an insurance policy cannot be exercised simply upon the insurer paying the loss award to a mortgagee without the insurer also ...
https://doi.org/10.2307/1328351 • https://www.jstor.org/stable/1328351 Copy URL ...
Subrogation is a fundamental concept in insurance that allows an insurance company to step into the shoes of the insured after a loss and seek recovery from a third party that caused the damage.
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