Reply Thu 3 Oct, 2002 06:08 pm

Charlotte, North Carolina man, having purchased a case of rare, very expensive cigars, insured them against ..."Get this" ...

fire. Within a month, having smoked his entire stockpile of fabulous cigars and having yet to make a single premium payment

on the policy, the man filed a claim against the insurance company. In his claim, the man stated that he had lost the cigars

in "a series of small fires." The insurance company refused to pay, citing the obvious reason that the man had consumed the

cigars in a normal fashion.

The man sued... .. AND WON

In delivering his ruling, the judge stated that since

the man held a policy from the company in which it had warranted that the cigars were insurable, and also guaranteed that it

would insure the cigars against fire, without defining what it considered to be "unacceptable fire," it was obligated to

compensate the insured for his loss. Rather than
endure a lengthy and costly appeal process, the insurance company

accepted the judge's ruling and paid the man $15,000 for the rare cigars he lost in "the fires."



After the man cashed his check, however, the insurance company had him arrested ... On 24 counts of arson!!

With his own insurance claim and testimony from the previous case being used as evidence against him, the man was convicted

of intentionally burning the rare cigars. He was sentenced to 24 consecutive one year terms!!

I suppose there's

justice in there somewhere...This is a true story from the "Legal Times".


End joke. I'm not sure if it's

true or an urban legend but it's funny.
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Reply Thu 3 Oct, 2002 06:23 pm
Don't care if it's

true or not.....what comes around, goes around.

That is the truth.
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Reply Fri 4 Oct, 2002 08:02 am
I've seen this old

chestnut several times. It's a fake, see and/or
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Craven de Kere
Reply Fri 4 Oct, 2002 08:07 am
I suspected that (20

consecutive 1 year sentences for that!!??) but didn't feel like researching it.

It's a good one though!
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Reply Sat 5 Oct, 2002 08:02 am
fake or not, it's the

the specific example may not be true, but it's based on the basic principles of insurance.

it's been used in

property insurance texts for at least 20 years. i suspect it was developed as an example - all the basics in it are correct,

and i've seen very similar real claims go through a similar process here - the story is a bit of shortcut to reminding

property adjusters how some of the policies work
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