The carrier said $1 million. The proper inventory said $1.5 million.
The situation
A client came to us after their insurance carrier had evaluated their contents loss and produced a settlement figure. The client felt strongly the valuation was too low but couldn't point to exactly where the documentation fell short. They brought the file to ScanNest.
What we found
The carrier's list had the right categories but wrong values — items priced below current LKQ replacement cost, line items that were vague enough to be challenged, and entire subcategories that hadn't been properly sourced. The inventory wasn't wrong, it was just built to accept rather than capture.