The original ledger page of the insurance policy for the Titanic issued by the Atlantic Mutual Insurance Co. was sold at a New York auction for $25,000.
The insurance policy, number 391550, was written on behalf of the Oceanic Steam Navigation Co. Limited, also known as the White Star Line. The auction was held on April 23 at Doyle New York. The auction house said the buyer wished to remain anonymous.
The ledger page that belonged to the Atlantic Mutual Insurance Co. states that the steamer Titanic is “on risk” with the company for the period from March 30, 1912 to March 30, 1913.
Atlantic Mutual took only a part of the risk in the Titanic ($100,000); the rest was covered by a syndicate of insurance companies led by the Prudential Insurance Co. in London.
A hand-written addendum notes that the policy is “to include the trip from Belfast to Southampton sailing on or after March 30th 1912…and the risk of trials on said trip, if any.” The document is signed and dated March 27, 1912.
Also included in the volume are various other documents. One document, prepared in the aftermath of the disaster by the ship’s officers for insurance purposes, gives an account of the event. (The document states that at about 11:45 p.m. of April 14, 1912, when in latitude 41-46 North, longitude 50-14 West, the ship came in collision with an iceberg. The ship struck a “growler” or a small low-lying iceberg with the bluff of her starboard bow, making a comparatively slight jar with a grinding sound.) There are also eight insurance documents issued by Atlantic Mutual for goods carried on the Titanic.
The Titanic sank, a total loss, on April 15, 1912 on its maiden voyage from Southampton in England to New York, with the loss of over 1,500 lives.