System and method for managing the sale of salvage items in...

Details System and method for managing the sale of salvage items in... System and method for managing the sale of salvage items in...

G - Physics

06

Q

G06Q 40/08 (2012.01)

Patent

CA 2580018

In an exemplary embodiment, a claim administrator receives a list of salvage items associated with an insurance claim. The claims administrator dispatches a contractor to retrieve and store the salvage items, wherein the contractor is preferably a member of a restoration network associated with the claim administrator. The claim administrator then sells the salvage items to one or more buyers and collects payment for the salvage items from the buyers. The claims administrator also arranges for the delivery of the salvage items from the contractor to the buyers. Finally, the claim administrator distributes a first portion of the payment to the contractor and a second portion of the payment to the insurance carrier associated with the insurance claim. Thus, the claim administrator is able to manage the sale of the salvage items in connection with the management of the insurance claim.

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