Morticia has a new flame thrower, which Fester tests, setting their polar bear on fire. They make a claim to their insurance company, infuriating Mr. Henson the manager. His clerk, Joe Digby, had forgotten to cancel the Family's coverage. Digby is in a quandary as Gomez wants the bear replaced, but he can't find one big enough. Mr. Henson, furious, has Fester re-enact the accident, and then fires Mr. Digby. Gomez feels sorry for the clerk and decides to help him by opening his own insurance company. The Family will be his staff, and they will specialize in covering conventional insurance rejects. When their first client arrives, Fester gives him a medical exam that almost breaks his leg. Grandmama uses her crystal ball to work out his life expectancy and reveals him to be Mr. Henson in disguise. Gomez threatens to remove all his companies' insurance from Henson's firm, and Henson is faced with the staggering loss has to back down and rehire Digby. Digby manages to replace the bear, but Fester promptly sets it on fire again.