Cancellation of insurance policy
John’s farm was destroyed by a tornado. His wife Anna called there insurance agent and said, “The farm was insured for $300,000 and we want the money.”
“I’m sorry Anna, but it doesn’t work that way. We will determine the value of your farm and get you a new one that is worth about the same.” the agent said.
Anna paused and replied calmly , “Well, in that case, I’d like to cancel the policy on my husband.
