Professor Jones had a 2015 Chevy Volt and he insured it with Nationwide Insurance. He wanted to purchase a Tesla and decided to sell his Volt to Professor Smith. Professor Smith bought the Volt for $5000. Professor Jones never cancelled the insurance on the Volt. Professor Smith was on his way to Valencia to his Business Law I class and was reared end by a student. The car was totaled. Professor Jones contacted his insurance company and demanded that the insurance company pay him on his claim for the damage to the Volt. Using IRAC will Professor Jones be successful.