A Rhode Island Subrogation Agreement Authorizing Insurer to Bring Action in Insured's Name is a legal document that grants an insurance company the right to pursue a legal claim or action in the insured's name. This agreement is commonly used in situations where the insured has suffered a loss or damage, and the insurance company has the right to seek reimbursement from a responsible third party. In Rhode Island, there are different types of subrogation agreements that may be used by insurers to protect their interests. These agreements can vary depending on the specific insurance policy and the circumstances of the claim. Some of the most common types of Rhode Island Subrogation Agreements include: 1. Property Insurance Subrogation Agreement: This type of agreement is used when an insured property has been damaged or destroyed, and the insurance company seeks to recover the amount paid to the insured from a liable third party. It allows the insurance company to bring legal action in the insured's name to recover the funds. 2. Auto Insurance Subrogation Agreement: In cases where an insured driver has been involved in an accident caused by the negligence of another party, an auto insurance subrogation agreement authorizes the insurance company to pursue the responsible party for compensation on behalf of the insured. This ensures that the insurance company can recover the costs associated with the accident, such as vehicle repairs, medical expenses, and lost wages. 3. Workers' Compensation Subrogation Agreement: If an insured worker is injured on the job due to the negligence of a third party, a workers' compensation subrogation agreement enables the insurance company to file a lawsuit in the insured's name against the responsible party. This agreement allows the insurer to recover the amount paid out in workers' compensation benefits on behalf of the injured worker. 4. Health Insurance Subrogation Agreement: When a person covered by health insurance is injured due to the fault of another party, a health insurance subrogation agreement permits the insurance company to bring legal action in the insured's name. This agreement allows the insurer to recover the medical expenses incurred as a result of the injury from the responsible party. In conclusion, a Rhode Island Subrogation Agreement Authorizing Insurer to Bring Action in Insured's Name is a crucial legal instrument that empowers insurance companies to seek reimbursement for claims paid to the insured. Whether it's a property, auto, workers' compensation, or health insurance subrogation agreement, these documents serve to protect the insurer's interests and ensure the recovery of funds from liable third parties.