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System and method for managing the sale of salvage items in connection with the management of an insurance claim

  • US 20070226072A1
  • Filed: 03/01/2007
  • Published: 09/27/2007
  • Est. Priority Date: 03/01/2007
  • Status: Abandoned Application
First Claim
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1. A method for managing a sale of items salvaged from an insured property, comprising:

  • (a) receiving a list of salvage items associated with an insurance claim;

    (b) dispatching a contractor to retrieve and store the salvage items;

    (c) selling the salvage items to one or more buyers;

    (d) collecting payment for the salvage items from the buyers;

    (e) arranging delivery or pickup of the salvage items;

    (f) distributing a first portion of the payment to the contractor and a second portion of the payment to an insurance carrier associated with the insurance claim; and

    (g) wherein steps (a)-(f) are performed by a claim administrator in connection with the management of the insurance claim.

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