________ is the property saved from loss.

Question

Question: ________ is the property saved from loss.

Options:

1.  Profit
2.  Salvage
3.  Stand
4.  Jettison

Answer 1

2. Salvage

Salvage is the property saved from loss.

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More information:

Salvage often refers to the remains of an asset after a loss.

The insured must transfer all the rights, ownership, and interests of the damaged property to the insurer after paying of claims.

Example: Partly damaged goods, car or any machinery or any other property