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0CIP Points

SNAPSHOT: What is salvage?

08 May 2024 - Viewing time 2 minutes
Risk Management Reinsurance Life and Retirement Income Insurance Broking General Insurance Claims
Embark with Jack on his perilous journey, where a sudden squall capsizes his fishing boat. Explore how insurers handle total losses, salvaging parts to offset claims and mitigate losses. Have you ever experienced a loss covered by insurance where salvage was considered an option?
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