Bolded the mistake. It protects against one accident. No plural. "One" in this scenario is just a completely arbitrary number. Why is once an accident but twice is stupidity?
It doesn't, either you're doing something else or you're just ripping people off. No two minute effort should cost hundreds of dollars. Searching a log for an item name to see where it went is not hard. It's not like they have to wade through terabytes of data manually and read every line or mine for deleted hard disk data. They ask you to specify a time and place for when you lost it so they can check a log in a specific place. Unless you can tell me why that should take more than two minutes to confirm, cost is not an argument.