The Bidding Process:

1. Review list of available salvages

   Review our catalogue to look at available salvages that you can bid on.

2. Submit a bid on your preferred salvage

   After finding a salvage(s) you like, proceed to place a bid on it. You will be presented with the highest bid submitted since bidding opened. Note that you can bid any amount, whether higher or lower than the current bid amount.

3. Track submitted bid, re-submit higher bid

   You are advised to track your bid from time to time while the bidding window is still open. This is so you do not get outbidded by other bidders.

4. Wait for bidding to close

   If you feel you have reached your bid limit on a particular salvage, sit back and hold your bid close to your chest while you wait for bidding to close.

5. Bid closure

   Once bidding closes, the highest bidder will be contacted via email or  phone call  upon which they will liaise with MGen on settlement and collection.

6. Disclaimer

   Madison General Insurance is not obliged to accept the highest bid and reserves the sole right to choose who will be awarded the salvage without offering any explanation.