equities in salvage

Equities in salvage refer to the ownership share or financial interest that salvage companies or insurers hold in recovered property after a loss. When damaged goods or property are recovered and sold, the proceeds are used to cover the costs of salvage efforts and damages. Any remaining funds, beyond those costs, are considered salvage equity and are distributed among stakeholders based on their ownership or contractual rights. Essentially, it’s the portion of the recovered value that belongs to those who invested in or own the salvage rights of the recovered property.