What is the term for the action of saving property from being destroyed during a disaster?

Prepare for the IC Non-Life Insurance Agent Exam. Study with flashcards and multiple choice questions, each question includes hints and explanations. Ensure your success on the test!

The term that refers to the action of saving property from being destroyed during a disaster is "Salvage." In the context of insurance and disaster management, salvage involves the process of recovering valuable assets from a damaged property or area. This can include removing items that can still be used or repaired after a disaster strikes, which helps to minimize financial losses.

Salvage is crucial because it not only aids the property owner in recovering value but also helps insurers in managing claims and losses. By salvaging property, the overall impact of a disaster can be reduced, making it a key strategy in disaster response and recovery. This process highlights the importance of proactive measures in safeguarding assets during adverse events.

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