About UsRitchie Bros. SalvageSale is an always-on, sealed-bid online marketplace that connects insurance companies and other sellers with buyers seeking salvage and reclaimed insurance assets. Used by over half of the leading insurance companies in North America, SalvageSale has processed over 3 million bids and recovered over $2 billion in claims across multiple sectors.
Our dedicated team of insurance and salvage asset experts maximizes salvage recoveries for insurance carriers by providing comprehensive recovery programs, adjuster support services and access to our global SalvageSale marketplace. By better managing the salvage disposition process, insurance companies using SalvageSale have reduced both time and their total loss ratio and increased recoveries – after catastrophes or anytime. Backed by Ritchie Bros., the world's largest seller of used heavy equipment and other assets, we have the expertise, market insights and sophisticated online auction technology that companies around the world count on to disperse assets and maximize returns with ease, from anywhere.
For buyers, SalvageSale provides excellent value on a broad range of products. Whether you’re looking for heavy equipment used in construction or agriculture, marine or transportation assets, or even recreational or consumer goods, our escrow service ensures your SalvageSale purchases are fully secure and you receive the product as described.
Contact us to learn about your selling opportunities today 1.855.723.7781
Premier industrial salvage disposition site
Over 150,000 buyer registrations
Average of 220 bids per auction
Average auction time of 4 days
Salvage Recovery Program Management World-class insurance companies use our program to increase recoveries and lower overall net indemnity. Our robust data is also used to refine underwriting strategies and accelerate renewals.
- Assigned program manager
- On-call adjuster support team
- Safe guard confidentiality system
- Implementation of best practices
- KPI metrics & reporting
- Executive quarterly business reviews
- Access to salvagesale.com
- Access to myMarket web reports
- Optional integration into claims management systems
- Reporting transparency for audit,compliance, and subrogation
Adjuster Support Services SalvageSale has a wide range of support services that provide adjusters “on demand resources” to expedite field activity.
- Limited sight assessment
- Inventory preparation
- Brands and label protection
- Transportation and storage
- Site clearing and disposal of stock
- Value verification
- Sale of stock
- Title transfer
- Catastrophe services
- Asset loading/unloading