Chad Foster
And Associates, LLC
Salvors And Appraiserso
We Put The Pieces Back Together The RIGHT Way
How We Help
When the unexpected happens, a prompt response is essential. Whether the contents are affected by theft or physical harm, an experienced professional salvor can quickly assess the needs at hand, minimize the loss exposure, and expedite the insured’s resumption of business.
Appraisal
We provide fast, reliable, and documented appraisals of distressed stocks, commodities, and equipment. We are able to tailor our valuations to the specific needs of our clients, such as landed replacement costs, lowest selling price, actual cash value, or any combination thereof.
Inventory Management
Joint Physical Inventory to establish a reliable and cost-effective method for creating an accurate inventory. Additionally, we provide prompt joint physical listing for comparison to on-hand inventory to ensure adjustments are made for purchases & sales from the date of loss to accurately identify any missing stock.
Salvage & Liquidation
Our experienced staff will consult with the client to determine the optimal method to procure the highest return. While market demand for a specific item plays a central role in securing the appropriate disposition of distressed goods, other considerations, such as legal and contractual constraints, must be considered. Our personnel have the experience and knowledge to secure the highest return while assuring compliance with policy protections for brands and labels and control of salvage clauses. Chad Foster & Associates, LLC, has a vast array of domestic and international market outlets at its disposal for distressed commercial stocks of every type imaginable.
Consultation On-Site
Rely on our experience in determing whether an asset has been damaged or is unaffected. Are first-aid measures required to minimize damage and protect exposed, but unaffected stock?
Removal & Destruction
We provide removal and affordable warehousing as temporary loss mitigation for undamaged, exposed stock tailored to meet client needs. Additionally, we provide services for destruction or defacing of branded stock. Our EDP (Electronic Data Processing) buyers are bound to destroy and drill any drives with photo verification.
Regardless of the service performed, we provide our clients with written reports documenting our actions and our file expenses. We also carry a comprehensive umbrella of insurance coverage, including commercial general liability, excess liability, worker’s compensation, and automotive insurance. Certificates of coverage, as well as a rate sheet for our services, are available upon request at info@chadfosterandassociates.com.
About Us
National and International Salvors
Chad Foster & Associates, LLC, was founded in 2012, with the idea of providing unparalleled service to the insurance and self-insured industry by continuing to meet and surpass the evolving needs of our clients. Our company is committed to being fully accountable in its endeavors and to maximizing returns at a minimal cost.
We represent several of the largest and most well-known carriers in the property and casualty insurance business, as well as national and regional retailers. Our personnel have been assisting in loss recovery for over twenty-five years, responding to catastrophes such as hurricanes, floods, fires, and earthquakes, throughout the continental United States, Caribbean Islands, and Southeast Asia.
Our experienced and dedicated staff will respond promptly, 24/7, to meet the needs of our clients. We value our long-standing relationships with our clients, and for our new clients, are happy to provide references upon request.
2012
1806
82
325
Year Established
Projects Completed
Years Combined Experience
Clients Served
Past Projects
Contact Us
Inquiries
Offices
For loss assignments, please use the New Assignment form. For general inquiries, questions or commendations, please call: 404.307.8145 or fill out the following form.
Contact Us
Headquarters:
Richmond, VA 23221
Personnel:
Southeast, Midwest and Mid-Atlantic
Info@chadfosterandassociates.com
Vicki Babcock
Tel: 404.307.8145
Fax: 877.998.9875
Tel: 404.307.7332
Clint Boyd
Tel: 504.491.5873
Contact: 404.307.8145