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.
North Dakota Waivers of Subrogation are legal agreements commonly used in insurance contracts. A waiver of subrogation allows a party to waive their right to pursue subrogation against another party in the event of a loss, damage, or liability. In North Dakota, there are different types of waivers of subrogation that may be utilized depending on the specific circumstances of the insurance contract. These include: 1. General Waiver of Subrogation: This type of waiver applies broadly and prevents one party (typically the insurance company) from seeking subrogation against another party (often a contractor, tenant, or property owner) in case of any loss, damage, or liability covered by the insurance policy. 2. Specific Waiver of Subrogation: Unlike a general waiver, a specific waiver of subrogation limits the waiver to a particular type of loss, damage, or liability. It may be applicable to specific risks or activities related to a project, contract, or operation. 3. Mutual Waiver of Subrogation: This type of waiver occurs when both parties involved in a contract or agreement mutually agree to waive their rights of subrogation against each other. This ensures that neither party can seek recovery from the other in case of any insured loss. 4. Unilateral Waiver of Subrogation: In contrast to mutual waivers, a unilateral waiver of subrogation is a one-sided waiver granted by one party to another. It benefits the party receiving the waiver by protecting them from subrogation claims by the waiving party's insurance company. Keywords: North Dakota, waivers of subrogation, insurance contracts, legal agreements, subrogation rights, loss, damage, liability, general waiver, specific waiver, mutual waiver, unilateral waiver, insurance policy, contractor, tenant, property owner, project, contract, operation, recovery.North Dakota Waivers of Subrogation are legal agreements commonly used in insurance contracts. A waiver of subrogation allows a party to waive their right to pursue subrogation against another party in the event of a loss, damage, or liability. In North Dakota, there are different types of waivers of subrogation that may be utilized depending on the specific circumstances of the insurance contract. These include: 1. General Waiver of Subrogation: This type of waiver applies broadly and prevents one party (typically the insurance company) from seeking subrogation against another party (often a contractor, tenant, or property owner) in case of any loss, damage, or liability covered by the insurance policy. 2. Specific Waiver of Subrogation: Unlike a general waiver, a specific waiver of subrogation limits the waiver to a particular type of loss, damage, or liability. It may be applicable to specific risks or activities related to a project, contract, or operation. 3. Mutual Waiver of Subrogation: This type of waiver occurs when both parties involved in a contract or agreement mutually agree to waive their rights of subrogation against each other. This ensures that neither party can seek recovery from the other in case of any insured loss. 4. Unilateral Waiver of Subrogation: In contrast to mutual waivers, a unilateral waiver of subrogation is a one-sided waiver granted by one party to another. It benefits the party receiving the waiver by protecting them from subrogation claims by the waiving party's insurance company. Keywords: North Dakota, waivers of subrogation, insurance contracts, legal agreements, subrogation rights, loss, damage, liability, general waiver, specific waiver, mutual waiver, unilateral waiver, insurance policy, contractor, tenant, property owner, project, contract, operation, recovery.
