GuideUpdated Nov 2026 · 1 min read
Salvage and Depreciation
Salvage is what damaged property is still worth, and depreciation reflects age and wear.
Salvage is what damaged property is still worth, and depreciation reflects age and wear.
III S-01 Premium
₹249₹49950% OFF
You save ₹250
- Full-length S-01 mocks
- Section-wise practice
- Explained answers
One payment, no subscription · Valid for 1 month
Effect
- check_circleSalvage reduces the claim.
- check_circleDepreciation adjusts value.
FAQs
Who keeps the salvage?expand_more
It depends, but its value is taken into account.
bolt
Try free insurance principles questionsInsurance principles questions. No signup.
Access exam-specific mock tests directly from your Android device.Next steps
Create a free accountFree to join. No card needed.