This office lease form does not prevent the insurer from asserting any right it might have to recover its losses from a tortfeasor. A better way to approach this can be done by both obtaining an endorsement from the insurance company to waive its recovery rights and by inserting a clause in the lease to this effect.
Mississippi Waivers of Subrogation are legal agreements commonly used in insurance contracts to modify or waive the rights of subrogation between parties involved. Subrogation refers to the right of an insurer to recover the amount it paid out for a loss from a third party who may be responsible for the loss. In the state of Mississippi, there are two types of Waivers of Subrogation commonly encountered: 1. Blanket Waiver of Subrogation: This type of waiver applies to all parties involved in a particular project or agreement. It waives the right to surrogate against any party or entity, including contractors, subcontractors, vendors, or any individual providing services or goods related to the project. The blanket waiver of subrogation is often seen in construction contracts or lease agreements where multiple parties are involved. 2. Specific Waiver of Subrogation: This type of waiver applies to a specific party or entity named in the agreement. It waives the right to surrogate against that particular party only, while retaining the right to surrogate against all others who may be responsible for a loss. Specific waivers of subrogation are often utilized in situations where one party wants to absolve another party from any liability or potential subrogation claims, typically seen in lease agreements or indemnity clauses. Keywords: Mississippi, Waiver of Subrogation, insurance contracts, modify, waive, subrogation rights, third party, responsible for loss, blanket waiver, specific waiver, construction contracts, lease agreements, contractors, subcontractors, vendors, goods, services, indemnity clauses.
