Insurance Glossary

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Self-Insurance - Protecting against losses by setting aside your own money instead of using conventional insurance.

Subrogation - The legal process by which an insurance company, after paying for a loss, seeks to recover the amount of the loss from another party who is legally liable.

Salvage - Recovery made by an insurance company by the sale of property which has been taken over from that insured as a part of loss settlement. The remains of damaged vehicle or any other property.

Sue and Labour (Charges) - Sums reinsured to an Insured under a marine Insurance Policy where the Insured has incurred reasonable expense in seeking to avert or minimise a Loss to property which would have been covered by the Policy had the Loss occurred


Contact Us

Al Ahlia Insurance
        P.O. Box 5282, 4th floor
        Chamber of Commerce Building
        Manama, Bahrain

Marketing@alahlia.com

0973 17 225860

0973 17 224870