Salvage Material
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What does Salvage Material mean? Read on to discover the definition & meaning of the term Salvage Material - to help you better understand the language used in insurance policies.
Salvage Material
Discarded or unused material that has market value and can be sold.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
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