MANSI RASTOGIMANSI RASTOGI asked 5 months ago
2 Answers
RaviRavi Staff answered 5 months ago

letter of subrogation is given by policy holder to insurance company authorising them to recover claim paid money from third parties if they are responsible for loss
like manufacturer of machines which lead to fire etc

RaviRavi Staff answered 5 months ago

salvage accounting means to ensure salvage value is deducted and consider before paying final claim

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