OurCommunityPower.org > Insurance Forum \| Debt Forum \| Mortgage Forum \| Credit Forum

Home

Salvage

Author

Message

evan
Moderator
evan

Joined: 01 May 2005

Posts: 1219

evan's Home Page

174.52 Dollars($)

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.

Users Online

Ask a question

Members
Login
Free SignUp

Resource Desk

Insurance Articles
     Insurance Terms
     Insurance Guide
     US Auto Insurance Laws
     150+ Types of Insurance
     Insurance Calculators
     Discussion Archive
     Members Tracker

In Discussion

We have chosen to apply the Creative Commons Attribution License to all works we publish.