Subrogation Agreement Template for Canada

1. Recovery Sharing Provisions: Used when there will be sharing of recovered amounts between insurer and insured

2. Third Party Rights: Include when third parties may have rights or interests in the recovery

3. Multiple Insurers: Required when multiple insurers are involved in the subrogation claim

4. Dispute Resolution: Optional detailed procedures for resolving disputes between parties

5. Assignment: Include when rights under the agreement may need to be assignable

6. Severability: Optional clause addressing the situation if any provision is found invalid

7. Currency: Include when dealing with international parties or multiple currencies

8. Costs and Expenses: Optional detailed provisions about handling of recovery costs

1. Schedule A - Claim Details: Detailed description of the insurance claim and loss event

2. Schedule B - Payment Details: Specifics of the insurance payment made to the insured

3. Schedule C - Relevant Documents: List and copies of relevant documentation (police reports, damage assessments, etc.)

4. Schedule D - Recovery Procedures: Specific procedures for pursuing recovery against third parties

5. Appendix 1 - Contact Information: Contact details for all relevant parties and their representatives

6. Appendix 2 - Power of Attorney: If required, power of attorney documentation for pursuing claims