Seguros y GravámenesPregunta 1528 de 1605

A 'waiver of subrogation' clause between an owner and contractor generally means:

a.The owner waives the right to a completed project
b.The contractor waives its mechanics lien rights
c.The insurer waives all coverage
d.Their insurers agree not to pursue each other to recover amounts paid for covered losses

Explicación

A waiver of subrogation prevents each party's insurer from suing the other party to recover a covered loss, reducing litigation between project participants. It is a common risk-allocation tool in construction contracts, often paired with builder's risk coverage.

Practica las 1605 preguntas gratis — sin registro.

Preguntas relacionadas de este tema

Última revisión: · proceso editorial

Sen Lin, Fundador de PrepPass · Verificado con California CSLB Contractor License Law & Business Exam · Cómo revisamos
Revisado por Abraham Chen Licensed California General Contractor (CSLB License #1101856 verificar)
Reportar