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