Page 229 - Fire Insurance Ebook IC 57

The Insurance Times

salvage being handed over to the highest bidder.
Sometimes, actions are called . Where the salvage is
retained by the insurers, the loss is gross paid, receipts
from the sale of the salvage remaining with the insurers.

Insurers also take over the salvage if the insured is
unwilling to retain it or unable to dispose it off. But the
insured is then not entitled to demand that the insurers
take on the salvage nor can he abandon the property to
the insurers. But in actual practice, the position depends
upon the circumstances and mutual understanding
between the parties.

j. Contribution - Under the Common Law, the insured
would have been entitled to claim the entire amount of
his loss, subject to adequacy of the sum insured from
any one insured who in turn could have collected the
proper contribution from the other insurers covering the
same property.

This would have meant trouble and time waste for the
prime insurer paying the entire loss. So, in fire insurance
,the condition provides that the insured shall be obliged to

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