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Salvage

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Posted: Sat Jul 08, 2006 10:54 am   Post subject: Salvage   Salvage Damaged property an insurer takes over to reduce its loss after paying a claim. Insurers receive salvage rights over property on which they have paid claims, such as badly-damaged cars. Insurers that paid claims on cargoes lost at sea now have the right to recover sunken treasures. Salvage charges are the costs associated with recovering that property.	evan Moderator Joined: 01 May 2005 Posts: 1284 179.27 Dollars($)

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