O'Tooles barn

After Mr. O'Toole's barn burned down, he called the insurance agent to file a claim.
He told the insurance man, "We had that barn insured for fifty thousand quid, and we need that money immediately!"
"Just a minute there, Mr. O'Toole," the agent replied. "Insurance doesn't work quite like that."
"What do you mean?!" he said. "The policy here says £50,000!"
"That's a maximum," the insurance man said. "What we do is ascertain the value of what was insured, and then provide you with a new one of comparable worth."
After a long pause, O'Toole replied "That's how insurance works?"
"Absolutely," the agent said.
"Well then," he said,
He told the insurance man, "We had that barn insured for fifty thousand quid, and we need that money immediately!"
"Just a minute there, Mr. O'Toole," the agent replied. "Insurance doesn't work quite like that."
"What do you mean?!" he said. "The policy here says £50,000!"
"That's a maximum," the insurance man said. "What we do is ascertain the value of what was insured, and then provide you with a new one of comparable worth."
After a long pause, O'Toole replied "That's how insurance works?"
"Absolutely," the agent said.
"Well then," he said,
Spoiler: