What is a counter-guarantee contract?

It is a contract between the insurer and the policyholder that provides the mechanism through which the Insurer may seek the right to reimbursement for the damage caused by indemnity, according to art. 786 of Law 10,406 of 2002

Art. 786. Once the indemnity is paid, the insurer subrogates, within the limits of the respective amount, the rights and actions that the insured has against the author of the damage.