Which term represents property that has been damaged but can still be salvaged?

The term "Salvageable Property" refers specifically to property that has sustained damage but is still capable of being repaired or restored to a usable state. This term is commonly used in insurance and property management to describe items that, despite not being in their original condition, can still be salvaged, repaired, or reused, thereby retaining some value.

This concept is essential in the context of insurance claims and loss assessments, as it helps policyholders and insurance companies determine the extent of damages and potential recovery. By identifying what is salvageable, both parties can make informed decisions about repairs and replacements, affecting the overall claim settlement process.

Other terms like "Recoverable Assets," "Loss Assets," and "Repairable Assets" might imply aspects of property that can be restored or have economic value, but none encompass the specific nuance of having been damaged yet still capable of being salvaged in the same clear manner as "Salvageable Property."