ABSTRACT
Salvage is property after it has been partially damaged by an insured peril such as a fi re or tornado. If the insured retains the damaged property, the value of the salvage will be deducted from the settlement of the claim.
Salvage is property after it has been partially damaged by an insured peril such as a fi re or tornado. If the insured retains the damaged property, the value of the salvage will be deducted from the settlement of the claim.