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LSDefine

Simple English definitions for legal terms

salvage charges

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A quick definition of salvage charges:

Salvage charges refer to the costs that are incurred in the process of salvaging or recovering damaged or lost property. These costs are typically covered by insurance policies and may include expenses such as towing, storage, and repair. In simpler terms, salvage charges are the expenses that are necessary to recover something that has been damaged or lost.

A more thorough explanation:

Definition: Salvage charges are costs that are incurred in the process of salvaging or recovering damaged or lost property. In the context of insurance, these costs are typically covered by the insurer.

Example: If a ship sinks and needs to be salvaged, the costs associated with raising the ship and recovering any cargo or other items on board would be considered salvage charges. These costs might include the fees paid to salvage companies, the cost of equipment and materials used in the salvage operation, and any other expenses related to the recovery process.

Another example: If a car is involved in an accident and needs to be towed to a repair shop, the cost of the tow truck and any other expenses related to the towing and storage of the vehicle would be considered salvage charges.

These examples illustrate how salvage charges can arise in a variety of situations where property has been damaged or lost, and how these costs can be significant and require specialized expertise to manage.

salvage award | salvage loss

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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