2min snip

Swindled cover image

73. The Salesman (William J. McCorkle)

Swindled

NOTE

The Price of Ignoring Insurance Advice

Ignoring advice on uninsured motorist insurance led to tragic consequences for the Beedle family. Following Charles J Gibbons' advice, they cancelled their policy and were left with only $55,000 instead of the substantial coverage they could have had. The widow sued the Gibbons organization for fraudulent and negligent misrepresentations. The company settled with multiple families and disgruntled customers, considering legal fees as part of their operational costs.

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