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Interesting Case

Old 03-31-2017, 01:35 AM
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Default Interesting Case

A lawyer purchased a box of very rare and expensive cigars, then insured them against, among other things, fire.

Within a month, having smoked his entire stockpile of these great cigars and without yet having made even his first premium payment on the policy the lawyer filed a claim against the insurance company.

In his claim, the lawyer stated the cigars were lost 'in a series of small fires.' The insurance company refused to pay, citing the obvious reason, that the man had consumed the cigars in the normal fashion.

The lawyer sued and WON!

Delivering the ruling, the judge agreed with the insurance company that the claim was frivolous. The judge stated nevertheless, that the lawyer held a policy from the company, which it had warranted that the cigars were insurable and also guaranteed that it would insure them against fire, without defining what is considered to be unacceptable 'fire' and was obligated to pay the claim. Rather than endure lengthy and costly appeal process, the insurance company accepted the ruling and paid $15,000 to the lawyer for his loss of the cigars lost in the
'fires'.

NOW FOR THE BEST PART...

After the lawyer cashed the check, the insurance company had him arrested on 24 counts of ARSON!!!

With his own insurance claim and testimony from the previous case being used against him, the lawyer was convicted of intentionally burning his insured property and was sentenced to 24 months in jail... And a $24,000 fine.

This is a true story and was the First Place winner in the recent Criminal Lawyers Award Contest.

ONLY IN AMERICA!
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Old 03-31-2017, 02:52 AM
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The duper got out duped.
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Old 03-31-2017, 03:09 AM
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Hate for facts to get in the way of a good story but it isn't true.

http://www.snopes.com/crime/clever/cigarson.asp

Deliberate acts by someone (arson) void a policy.
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Old 03-31-2017, 03:13 AM
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"ONLY IN AMERICA!"

Only on the internet......It's amazing people fall for these "news stories".
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Old 03-31-2017, 04:39 AM
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#forwardsfromgrandma
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Old 03-31-2017, 04:59 AM
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more fake news
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Old 03-31-2017, 06:10 AM
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Its also a very old story. I first heard this story in 1993 when I was taking my insurance licensing course.

Still funny though.
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Old 03-31-2017, 06:13 AM
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Originally Posted by Strike1 View Post

Still funny though.
I thought it was a joke, and yes, funny as hell
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Old 03-31-2017, 06:22 AM
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"Do not believe everything you read on the internet" - Abraham Lincoln
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Old 03-31-2017, 06:31 AM
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Insurance contracts are what is known in legal circles as contracts of adhesion. What that means is that the issuer of these contracts is at a bit of an advantage, and that any confusion or lack of clarity in the terms and conditions of those contracts will be arbitrated in the favor of the policyholder.

There are thousands of court rulings over the decades to parse out what is, and what isn't covered by those insurance contracts.
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Old 03-31-2017, 06:31 AM
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Originally Posted by Coverguy View Post
"Do not believe everything you read on the internet" - Abraham Lincoln
I read that was by Madison. But yeah good quote.
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Old 03-31-2017, 06:31 AM
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Should have posted it tomorrow. Day early.

Still a funny read.
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Old 03-31-2017, 06:31 AM
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Sitting in a conference with a well known "high end" insurance company, they talked about how they will insure a wine collection. I cracked a joke about having to file a claim after a "prolonged series of small spills" emptied out several expensive bottles I had.

Everyone laughed... except the company people! They got very serious, then started asking questions about what caused the spills, the value of the wine, preventative measures to ensure no future spills, etc...
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