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Question: ________ is the property saved from loss.

Options:

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

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1 Answer

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ago by (182k points)
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Best answer

2. Salvage

Salvage is the property saved from loss.


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

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