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Salvage charges refer to fees associated with the recovery and disposal of a vehicle or asset that has been damaged or deemed a total loss. These charges may cover the costs of towing, storage, and the eventual sale of salvageable parts. They are often incurred by insurance companies or owners when a vehicle is no longer roadworthy. Understanding salvage charges is important for both insurers and policyholders to assess the total cost of a claim.

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5d ago

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