Inland Marine Salvage

Contractors equipment, forestry, agricultural, and construction equipment, motor truck cargo, warehouse inventories, builders risk, boats, pleasure craft, yachts and others are all places where inland marine insurance policies are often called upon as the result of an incident and loss. Do you have a claim for damaged cargo as a result of an 18-wheeler rollover? Or, do you have a claim for construction equipment damaged by collision, flood, or fire? If you have a claim for any type of cargo, stock losses, or machinery and equipment or bulk commodities, SalvageSale can assist you with a comprehensive set of salvor services and the sale of salvage.

  

Introducing SalvageSale

In your past experiences with salvage, was the salvage left with the insured or sold to a local salvage broker?  Were you unhappy because there was limited interest and no competition for the salvage?  Does the salvage process change each time you have a claim?  Did you receive invoices for expenses instead of salvage recoveries?

Don’t settle for local bids or having to leave the salvage with the insured for pennies on the dollar. Connect with SalvageSale and auction your damaged cargo and equipment online and receive significantly higher recoveries.  Salvage buyers willing to pay top dollar for damaged goods are readily accessible via SalvageSale’s online auction marketplace.  Contact us today to see how we can help you unlock dramatic salvage improvements. By working with SalvageSale, you and your insured receive consistent processes and best practices for salvage situations, including proven solutions for situations where control of damaged goods and brands and labels are involved. 

 

Inland Marine Case Studies

Terex Crane, Lot S25731
Link Belt Hydraulic Excavators, S13040

 

Say goodbye to traditional salvage methodologies. With SalvageSale, you get:

• deep expertise in all commodity types
• comprehensive inventory preparation, site assessment, damage evaluation, protection of brands and labels
• competitive buyers seeking your salvage
• excellent record keeping and detailed reporting of results

Our team of experts will assist you with on-site services to determine extent of loss and salvage options. Once you are ready to dispose of the salvage, we can help your company:

• increase claim recovery with competitive buyers
• lower total losses and loss ratios
• reduce your cycle time on claims
• improve your subrogation defense

SalvageSale's online auctions occur daily, with our market makers bringing established buyers to bid on the salvage. Let us show you how our global marketplace and proprietary auction format increase salvage recoveries for our clients—often by as much as 50-100% over traditional salvage disposal methods.

Performance Metrics:

• more than 17,000 transactions handled worldwide
• more than 140,000 buyer registrations in 140 countries
• average of 140+ bids per auction
• entire cycle time less than 19 days

The bottom line: we provide a comprehensive salvage program, establishing standards and efficiencies. Contact us today to see how our award-winning marketplace and services can help you with your claims processes.