Property Management
What is 'subrogation' in the context of South Carolina property management and insurance?
AA tenant subleasing to another tenant
BAn insurer's right to recover from a third party after paying a claim✓ Correct
CA landlord's right to enter without notice
DA property manager's right to hire subcontractors
Explanation
Subrogation gives an insurance company the right to sue a third party responsible for a loss after the insurer has paid the insured's claim. Property managers need to understand this in insurance contexts.
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