Skip to playerSkip to main content
  • 2 days ago
Funny Insurance Law

Welcome to KnowledgeNest! ✨ At KnowledgeNest, we believe learning should be exciting, accessible, and endless. Whether you're curious about science, history, technology, personal growth, or just love discovering new things, you've found your home for knowledge. Join us as we explore fascinating topics, break down complex ideas, and share insights that spark curiosity and inspire growth. From quick facts to deep dives, there's something here for every curious mind. πŸ”” Subscribe and hit the bell icon to stay updated with our latest videos! πŸ’¬ Let us know in the comments what you'd like to learn next. Let’s grow smarter, together!
Transcript
00:00...story of what was the first place winner in the recent Criminal Lawyers Award Contest.
00:08Okay, you ready? You really aren't, but I'm going to read it to you.
00:13Charlotte, North Carolina.
00:15A lawyer purchased a box of very rare and expensive cigars,
00:21then insured them, against many other things, fire.
00:28Within a month, he had smoked all 24 of these great cigars,
00:34and without yet having made even his first premium payment on the policy,
00:41the lawyer filed a claim against the insurance company.
00:45In his claim, the lawyer stated the cigars were lost in a series of small fires.
00:56The insurance company refused to pay, citing the obvious reason
01:02that the man had consumed the cigars in a normal fashion.
01:07The lawyer sued and won.
01:11Stay with me here.
01:14Delivering the ruling, the judge agreed with the insurance company
01:18that the claim was frivolous.
01:21The judge stated, nevertheless, that the lawyer had a policy from the company
01:27which it had warranted that the cigars were insurable
01:33and also guaranteed that it would insure them against fire,
01:38without defining what was considered to be acceptable fire,
01:44and was obligated to pay the claim.
01:48Rather than endure lengthy and costly appeal process,
01:54the insurance company accepted the ruling
01:56and paid $15,000 to the lawyer
02:00for his loss of the 24 cigars lost in the fire.
02:07Now, the best part.
02:09After the lawyer cashed the check,
02:12the insurance company had him arrested on 24 counts of arson.
02:21Yeah.
02:23No.
Comments