Salvage Material definition
Salvage Material means the portion of the damaged item or property that is left or recovered after an insured event that we become the owner of. We may use the Salvage to recover some of the money paid in relation to the claim.
Salvage Material means any scrap metal, steel, plastic, rubber or other such materials or substance or goods of commercial value or not, collected, deposited, stored or kept for any purpose such as, without limitation, further cutting, sorting or processing, or dismantling elsewhere, including the storage of used motor vehicles for the purpose of wrecking or dismantling them or salvaging part thereof for sale or other disposal.
Salvage Material means materials of some value that are obtained from the disassembly of various kinds of machinery, or mechanical appliances and/or the demolition of buildings or structures.