A waiver of subrogation is a provision that prohibits an insurer from pursuing a third party to recover damages for covered losses. The right of subrogation belongs to the insurance company, not the insured.The Court of Appeals issued an important decision regarding underinsured motorist insurance and subrogation rights. A subrogation claim is the process in which a party that was not involved in an accident seeks financial compensation for a party that was involved. If you were hurt in an accident and obtained compensation from your insurance company, contact Truitt Law Offices for a free consultation. In addition, a waiver of subrogation clause may not be valid if it invalidates the insurance coverage. When you waive your right of subrogation, your business (and your insurance company) are prevented from seeking a share of any damages paid. Subrogation clause in the Crabbs' homeowners' insurance policy. This is pretty standard stuff and I suggest filling out the information and providing it to your insurance. The MID number can be found on the front of your Hoosier Health Card.