Creating recoveries and recovery reserves

Recovery and recovery reserve dependency criteria

A recovery reserve is an object that defines the amount of money you anticipate receiving for a claim, such as for subrogation or salvage. A recovery can reference a recovery reserve to specify the amount of money received going towards the recovery reserve total, whether that be a partial amount of the recovery reserve’s total amount of money received.

You can also create a recovery without a referenced recovery reserve, in which case the recovery automatically creates the recovery reserve. The recovery reserve is created for the recovery; creating a recovery without a recovery reserve assumes that the full amount the money received in the reserve is the total expected amount of the recovery reserve.