Understanding the Double-Sided Coin of the Car Rental Industry
As the rental car industry grows and expands, new opportunities for subrogation continue to appear. Each year, more people rent cars, which means that each year, there are more car accidents involving rental cars than the year before. This trend isn’t going to slow down any time soon, and that means that every year, rental car companies incur more risks and deal with more claims. And rental car companies have it hard – not only do they have subrogation claims to deal with in cases of a third-party tortfeasor, but they also have times where they need to pursue a negligent renter directly.
On top of all that, because most rental car companies are nationwide, or at least regional, they have to deal with how subrogation laws involving insurance vary in each state. These difficult and intersecting factors make effective management of subrogation cases integral to the continued success of a rental car company.
Pro-tip: Retain a Law Firm that Specializes in Subrogation for Rental Car Companies
Rathbone Group stays up to date with the changing regulations placed upon the rental car industry, and we are well-versed in the many highly specific state laws that deal with the subrogation of rental car claims. This feature of RG, combined with an approach that looks at how many responsible third parties are viable to pursue, means we’re poised to handle even the most complicated subrogation claims.
Pursuing third parties in addition to contract violators provides rental car companies with an opportunity to increase recoveries under a subrogation theory. Our focus on tort subrogation increases the likelihood of identifying and pursuing additional responsible parties that you may not have considered before. Our cost-conscious, creative approach, and team of subrogation attorneys licensed in dozens of states, mean our thorough investigations don’t just include skilled detective work, they also include an intimate knowledge of how to navigate the specific subrogation laws in the state in which the suit is brought.