SALVAGE AND RECOVERIES. All salvages, recoveries and payments recovered or received subsequent to a loss settlement under this Policy shall be applied as if recovered or received prior to the said settlement and all necessary adjustments shall be made by the parties hereto.
Appears in 3 contracts
Samples: Insurance Policy, Commercial Package Policy, Non Marine Property Insurance Policy
SALVAGE AND RECOVERIES. All salvages, recoveries recoveries, and payments recovered or received subsequent to a loss settlement under this Policy shall be applied as if recovered or received prior to the said settlement settlement, and all necessary adjustments shall be made by the parties hereto.
Appears in 1 contract
Samples: Active Assailant Policy
SALVAGE AND RECOVERIES. All salvagessalvage, recoveries and payments recovered or received subsequent to a the loss settlement under this Policy policy shall be applied as if recovered or received prior to the said settlement and all necessary adjustments shall be made by the parties hereto.
Appears in 1 contract
Samples: Difference in Conditions Policy
