The grievance states that Ivory Gem submitted a declare to Allstate on January 21, 2025. By February 25, 2025, Allstate acknowledged by way of e-mail that the loss was not excluded below the coverage. Regardless of this, Ivory Gem alleges, Allstate didn’t concern any fee and delayed additional investigation into the declare. On March 26, 2025, Ivory Gem submitted a sworn proof of loss, stating that the precise money worth of the broken stock totaled $267,000. The corporate offered Allstate with revenue tax returns, a revenue and loss assertion, and a letter from its bookkeeper confirming the worth of the misplaced stock. Allstate’s adjusters, in line with the grievance, valued the loss at $28,531.
