1. It is the right of an insurer, after he pays for a loss, to assume the rights of the insured to recover this loss from the responsible party.
2. After a claim from the assured has been settled and paid by the Insurer, the insurer is now entitled to place himself in the position of the Insured, to the extent of acquiring the insured rights and remedies in respect of loss.
3. This prevents the insured from collecting his losses twice and reduces total cost of the claim.
4. The whole point of subrogation clause is that Insured cannot make any profit from his loss.