LOSS: This leading retail chain experienced a roof collapse in greater Washington, D.C. due to record-setting rainfall and snow from a massive winter storm. The situation affected as much as 90% of the 45,000-square-foot building. The loss was estimated to be in excess of $10 million.
SOLUTION: Arriving on the scene quickly, BGA analyzed the situation and promptly secured the salvage. BGA then delivered to the national toy store chain a quantity of merchandise that was undamaged and secured the remaining salvageable merchandise by working closely with the demolition crews on site. This merchandise was extracted and moved to a secure, off-site location for inspection by potential buyers who satisfied all the stringent criteria defined by the insurance policy.
RESULT: By efficiently removing and selling the salvageable inventory, BGA minimized the loss exposure for the insurance company, helped to reduce the overall downtime for the national toy store chain, and sold salvage that would have otherwise been thrown away for a total loss. Proceeds from the salvage sale covered all involved expenses and provided additional funds for the insurance company. BGA was the first salvor & appraiser to sell this national toy store chain's merchandise in the aftermarket despite the company's strict throw it away policy.