Under Deductible Subrogation Claims for Property Damage
Custom subrogation services
Recovery help when your claim is under your property insurance deductible
Travelers' Under Deductible Subrogation service is designed to help commercial property insurance customers pursue reimbursement for damage when the loss falls below their property insurance policy deductible.
What is under deductible subrogation?
Sometimes a loss you suffer is someone else’s fault. By way of subrogation, Travelers strives to hold the responsible party accountable to pay for the damages. Typically, a subrogation claim for property damage occurs only after a carrier issues a payment. However, if you elect the under deductible service, Travelers can pursue damages from the responsible party even when the loss is below the policy deductible and no claim payment was issued.
Travelers property subrogation service is especially helpful to policyholders who do not have the time, experience or resources to investigate and pursue a claim against a third-party on their own. Travelers helps manage the process to conclusion.
Key benefits of under deductible subrogation
-
With this service, Travelers can pursue damages from the responsible
party even when the loss is below the policy deductible. -
The service leverages the full strength and expertise of Travelers Claim.
-
A decision to move forward is made together after discussing challenges,
anticipated expenses and likely outcomes. -
The price is right. There is no cost to sign up for the service. A recovery fee is charged only for a successful subrogation outcome.
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Fees are based on a percentage of the recovery plus additional, often minimal,
expenses.
Who is this service right for?
Under Deductible Subrogation is available to qualified commercial property policyholders with a deductible of $50,000 or greater.
Travelers Claim and Subrogation teams are committed to doing the work to help you recover damages from responsible parties, while you focus on what you do best, running your business.
“Travelers’ Under Deductible Subrogation program has been instrumental in helping us achieve successful subrogation recoveries. With Travelers as our partner, we have been able to recover on more claims and collected higher recoveries than ever before, saving us time, money and the hassle that comes with pursuing recoveries on our own.”*
Senior Director of Risk Management working for a large habitational property owner
To learn more about Under Deductible Subrogation, contact your Travelers representative or send an email to Subroservices@travelers.com.
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* The information provided is intended as informational and is not intended as, nor does it constitute, legal or professional advice or an endorsement or testimonial by Travelers for a particular product, service or company. Travelers does not warrant that adherence to, or compliance with, any recommendations, testimonials, best practices or guidelines will result in a particular outcome.