Insurance 101 – Chapter 10 – Volume 19 – Priority of Rights to Salvage – 2

Priority of Rights to Salvage – 2

Success is essential to obtain a salvage reward. Even a would-be salvor who does not himself save the property involved will be paid for any service rendered that helps another salvor preserve the property. A salvor will frequently seek the right to salvage without interference, and the law will grant such an exclusive right if the first salvor’s effort is ongoing and has a fair prospect of success.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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