A very honest but quite elderly insured told her insurance agent that she was interrupted by the door bell while baking a cake. When she got back from the door, a bottle of vanilla extract had been stolen from her kitchen counter. Because she had not turned in a claim in over thirty years, “I thought it was about time.” The agent asked what the vanilla cost and she replied, “35 cents.” He reached in his pocket and produced 35 cents which he handed over to her with just the hint of a smile. It was a done deal.
Insurance coverage: Homeowner’s Form 2. Claim covered? Perhaps, yes. At the time, mysterious disappearance was a covered peril as well as theft, but how about that darn deductible. Our claim? Yes.