Market Overview

Tru-Markets Creates Online Salvage Estimator to Put Salvage Estimates at the Fingertips of Claims Professionals


Insurance professionals in need of salvage estimates can now get immediate salvage valuations using mobile devices or desktop computers.

Houston, TX (PRWEB) October 31, 2012

Fast, reliable information is always important to claims professionals. When a claim involves commercial salvage, an estimate of potential resale value is one of the first pieces of information a claims professional needs in order to make sound decisions about what to do with the salvage. Until now, a fast, reliable estimate for commercial salvage could be hard to find. To solve that problem Tru-Markets, a marketplace for surplus and salvage, developed an online Salvage Estimator designed to generate immediate value estimates for commercial salvage involved in a claim. The Salvage Estimator is available to anyone with access to the internet and there is no cost or obligation associated with the tool.

Adjusters can access the Salvage Estimator from their desktop, or from mobile devices while in the field at loss locations. Those responsible for resolving claims in the aftermath of Hurricane Sandy can quickly and easily generate salvage value ranges themselves using the Salvage Estimator. Now, tens of thousands of adjusters can get salvage information as soon as they need it, no matter where they are in the world.

“We work with adjusters, surveyors, and salvors every day to find the best way to handle the sale of salvage and they have made it clear that our salvage estimates have been a real help to them.” Said Chad Farrell, Managing Partner at Tru-Markets. “By making this information more accessible through the web and on mobile devices, the Salvage Estimator delivers valuable information to insurance professionals when they need it most, and puts more time back in their busy days.”

The Salvage Estimator is an open tool that was developed for the benefit of the insurance industry and it can be accessed on the Tru-Markets web site at . The tool is also being made available to organizations that would like to put the interactive calculator on their website and it can be customized using company-specific claims data to further refine estimates.

The Claims Journal has already installed the Salvage Estimator widget on their website at “When I first saw the Salvage Estimator my first thought was that I wished something like this was available when I was managing claims” Said Denise Johnson, Editor, Claims Journal. “We think this is really going to help adjusters and other busy claims professionals and we're delighted to make it accessible from our website”.

The unveiling of the Salvage Estimator follows the announcement of the Customer Bill of Rights, the Tru-Guarantee and the launch of the Investment Recovery Workshops and is the latest demonstration of Tru-Markets' commitment to innovation, and customer service.

About Tru-Markets
Tru-Markets is an online marketplace for buyers and sellers of energy equipment, heavy equipment and commercial salvage. Based in Houston, Texas, Tru-Markets was founded by industry experts dedicated to offering a premium level of service previously not available in the surplus and salvage markets. Tru-Markets focuses on the capital asset divestment needs of Fortune 500 companies and acts as a salvor for major insurance underwriters. For energy companies, Tru-Markets specializes in investment recovery and surplus auctions for surplus energy equipment. For major insurance underwriters, Tru-Markets specializes in insurance salvage which includes the salvage sale of goods for marine claims, cargo claims and property claims via salvage auctions.

To schedule an interview with Chad Farrell, please contact John Daunt at (855) 879-8786 ext. 700 or email jdaunt(at)tru-markets(dot)com. For general information, please visit

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