What Is Insurance Auto Auctions?


Quick Answer

Insurance Auto Auctions is a company that conducts salvage auto auctions, according to the company's website. Its auction model focuses on both in-person and online auctions. An auctioneer conducts the auction, a ringman monitors in-person bids and an auction clerk represents online bidders.

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What Is Insurance Auto Auctions?
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Full Answer

Insurance Auto Auctions states that there are three different divisions within the company: remarketing, specialty and donation. Remarketing focuses on vehicles that have been slightly damaged but have the ability to be repaired. Speciality has a focus on heavy equipment and other unique types of salvage vehicles, and the donation division assists charities that want to sell vehicles received as donations.

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