About Us

SalvageSale maximizes salvage recoveries for insurance carriers by providing a comprehensive salvage recovery program, adjuster support services and access to our global, online auction marketplace. Used by over half of the top 25 insurance companies, SalvageSale has processed over 3 million bids and recovered over $2 billion in claims. As a part of Ritchie Bros., the world's largest seller of used heavy equipment and materials, we truly provide global reach and bring in buyers from around the world.
With expertise in inland marine, ocean marine, commercial property, energy, and catastrophe claims, our solutions provide much higher return than legacy processes. By better managing the salvage disposition process, insurance companies using SalvageSale have been able to reduce their total loss ratio and increase recoveries.
For buyers, SalvageSale provides excellent value on a broad range of products. Whether you’re looking for heavy equipment used in construction, agriculture or transportation, through to retail consumer goods, our escrow service ensures your purchases on SalvageSale are fully secure and you receive the product as described.

Salvagesale.com Stats

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.

Program Features:

  • 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.

Services:

  • 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
  • Warehousing