under the principle of subrogation, the insurer has the right to?
- abrogate the contract
- re-insure the property
-
take over any legal rights of the insured
- take over all the liabilities of the insured
The correct answer is: C
Explanation
In simple words, the Subrogation Principle in Insurance means; when the insurer (insurance company) pays full compensation for any insured loss (of insured property), the insurer (insurance company) holds the legal right (claim) of the insured property.