These UPP losses do not come up much in cat. claims, but are very frequent in regular daily claims on fire and theft losses. Some people love these disk and have them in the auto and the the house when they are a total loss to to ACV value from these two perils.
It sounds kinda hard nosed; but these items have very little value when the label is broken and they are palyed several times. I have had claims with 200-300 disk are gone. Some cost 39.95 and some cost 19.95 . some were purchased 15 years ago and some were purchased two weeks ago.
I am one of the persons who think the inventory should be very accurate with label descriptions and have found most people who have this amount do not have a problem drawing up the inventory list and giving it to the local police on theft claims.
Now the hard nosed part..... take this list down to the best pawn shop in the area and see what the same label can be purchased for and make this fair market value to the insured as cash settlement. No not RC less depreciation. All property policys state we(the company) have this right. Don, t whine about lawsuits, unfair claims etc. It,s the carriers right. Some adjusters have even agreed to replace all the disk lost with replacment that are as good, with free delivery. I know thats not how we do it on storm losses when all the disk get wet from the hole in the roof. Your file examiner may think like me and we all know it,s what does it take to close a file !\
OOP, s this may be my last bomb thrown.