Magazine date:
May 2012 A document dating back to April 30, 1912, stating the Titanic’s insurance terms with the insurance company Royal Insurance has been published for the first time. It certifies that the liner’s hull and machinery coverage amounted to one million sterling pounds.
At that period, this sum probably represented the biggest cover ever granted to a liner by the insurer. The ship owner, the company White Star Line, broke down the risk with a hundred insurers.
Royal Insurance, today merged with RSA Insurance Group, indemnified the carrier up to 4 000 sterling pounds, the equivalent sums of 263 000 GBP today (406 487 USD).
The amounts disbursed back then by all of the insurance companies reached 150 000 GBP (231 837 USD).