Salvors, Appraisers & Consultants for Insurance Companies and Self-Insured

Prior to our involvement, the insurance carrier received a salvage bid of $906,000 involving 158 brand new vehicles with a total MSRP of $3,806,829.  The vehicles were water damaged when rainwater from the highway overflowed into the dealership's parking lot.  The insurance carrier was not satisfied with the amount, so Nardone & Company, Inc. was assigned to handle the claim.  Utilizing the appraiser's report and VIN numbers of the vehicles, we conducted an inspection and encouraged the buyers to do the same.  We had each vehicle numbered from 1 to 158 to correspond to our spreadsheet, so the buyers could inspect the vehicles efficiently.  Our thorough inspection, dedication and research of the vehicle market allowed us to host a competitive seal bid sale.  The original buyer was provided a second opportunity to place a bid, but they simply were not competitive.  In the end, a buyer we invited to the sale won with a high bid of $1,355,000.  This figure represents approximately 36% of MSRP and was $449,000 greater than the bid originally provided prior to our involvement.   

Contact Us


Important Links

What We Offer

Beyond simply removing and selling damaged goods for Insurance Companies and Self Insureds, Nardone & Company, Inc. offers:

  • Onsite Inspection Worldwide
  • Loss and Damage Appraisals
  • Maximizing Salvage Returns Worldwide
  • Consulting and Advice when salvage is not the best option
  • Inventory and Stock Verification
  • Post Loss Inventory
  • Aviation Claim Services and Consulting
  • Logistical Support and Guidance
  • Industrial Claim Services and Consulting
  • Training Programs
  • Commercial Stock Loss Appraiser Services