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Term of the week:

Salvor

A specialist in salvaging inventory and equipment after an insurance loss such as a fire. A salvor is usually hired by the insurance company to examine, protect, and collect the inventory and then locate a buyer. The proceeds of salvage sale are used to minimize the insurance claim which may have to be paid, if the loss is covered.

For more information on this term, see the interFIRE VR Resource File article: “Interacting With Insurance Representatives” by Guy E. Burnette, Jr., Esquire

 
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