Notices

Interesting Case

Old 03-31-2017, 01:35 AM
  #1  
Senior Member
Thread Starter
 
Join Date: Mar 2002
Location: Southgate, MI. 48195 USA
Posts: 4,347
Likes: 0
Received 1,076 Likes on 556 Posts
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!
Old 03-31-2017, 02:52 AM
  #2  
Senior MemberCaptains Club Member
 
Join Date: Feb 2004
Location: Raleigh & Surf City, NC
Posts: 12,962
Likes: 0
Received 988 Likes on 499 Posts
Default

The duper got out duped.
Old 03-31-2017, 03:09 AM
  #3  
Senior Member
 
Join Date: Mar 2012
Location: NH and FL
Posts: 400
Likes: 0
Received 33 Likes on 23 Posts
Default

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.
Old 03-31-2017, 03:13 AM
  #4  
Senior MemberCaptains Club Member
 
Join Date: Jun 2002
Location: Boston
Posts: 343
Likes: 0
Received 157 Likes on 100 Posts
Default

"ONLY IN AMERICA!"

Only on the internet......It's amazing people fall for these "news stories".
Old 03-31-2017, 04:39 AM
  #5  
Admirals Club Admiral's Club Member
 
Join Date: Jul 2014
Location: Central Florida
Posts: 470
Received 166 Likes on 83 Posts
Default

#forwardsfromgrandma
Old 03-31-2017, 04:59 AM
  #6  
Senior Member
 
Join Date: Mar 2013
Posts: 607
Likes: 0
Received 711 Likes on 439 Posts
Default

more fake news
Old 03-31-2017, 06:10 AM
  #7  
Senior MemberCaptains Club Member
 
Join Date: Oct 2004
Location: NJ & Greenport LI
Posts: 852
Likes: 0
Received 300 Likes on 135 Posts
Default

Its also a very old story. I first heard this story in 1993 when I was taking my insurance licensing course.

Still funny though.
Old 03-31-2017, 06:13 AM
  #8  
Senior MemberCaptains Club Member
 
Join Date: Feb 2004
Location: Raleigh & Surf City, NC
Posts: 12,962
Likes: 0
Received 988 Likes on 499 Posts
Default

Originally Posted by Strike1 View Post

Still funny though.
I thought it was a joke, and yes, funny as hell
Old 03-31-2017, 06:22 AM
  #9  
Admirals Club Admiral's Club Member
THT sponsor
 
Join Date: Jan 2013
Location: Maple Shade, New Jersey
Posts: 2,200
Received 66 Likes on 42 Posts
Default

"Do not believe everything you read on the internet" - Abraham Lincoln
Old 03-31-2017, 06:31 AM
  #10  
Senior MemberCaptains Club Member
 
Join Date: Jun 2002
Location: Long Island,NY
Posts: 12,098
Received 1,033 Likes on 617 Posts
Default

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.
Old 03-31-2017, 06:31 AM
  #11  
Senior Member
 
crazybeard's Avatar
 
Join Date: Aug 2013
Location: Tropico
Posts: 6,046
Received 1,854 Likes on 1,073 Posts
Default

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.
Old 03-31-2017, 06:31 AM
  #12  
Senior Member
 
Join Date: Jun 2014
Location: Middle Sound, NC
Posts: 8,322
Received 1,444 Likes on 927 Posts
Default

Should have posted it tomorrow. Day early.

Still a funny read.
Old 03-31-2017, 06:31 AM
  #13  
Senior MemberCaptains Club Member
 
Join Date: Oct 2004
Location: NJ & Greenport LI
Posts: 852
Likes: 0
Received 300 Likes on 135 Posts
Default

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...

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.