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22:54 Nov 22, 2008
English to Chinese translations [PRO] Bus/Financial - Insurance Additional field(s): Law (general)
English term or phrase:salvage
Definition from Insurance Information Institute: Damaged property an insurer takes over to reduce its loss after paying a claim. Insurers receive salvage rights over property on which they have paid claims, such as badly-damaged cars. Insurers that paid claims on cargoes lost at sea now have the right to recover sunken treasures. Salvage charges are the costs associated with recovering that property.
All salvage pieces are sold as-is, where-is. We offer absolutely no warrantee on any function of the boat. Buying salvage is a risk; although surveyors and repairers can offer valuable opinions, you're always betting. yachtsalvage.com
The insurance company then became the owner of the cars, some with major water damage and some with almost no damage. The company will sell the cars at auction with salvage titles. LeaseGuide.com
In most foreign countries that have a shoreline, salvaging and re-selling of boats is an important business. There are salvage yards, auctions, salvage classifieds, and associated professions like recycling, dismantling and claim adjusting. indianchild.com
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