Thursday, February 11, 2010

Fun with Insurance Law?

Why, yes! Legal Information Librarian Karen Breda recently brought her Insurance Law Research class into the Rare Book Room to view our rare and historical insurance law materials. In addition to early editions of the grand old treatises by Sheppard, Marshall, and Phillips, we looked at several insurance-related items from the Brooker Collection of Early American Legal and Land Use Documents.

The one shown here is Document # 1339: Marine Insurance Policy No. 255 issued by the Norwich Marine Insurance Company on January 26, 1803. This policy insured the sloop Ann for $1,000 and its cargo for an additional $1,700 on a trip from New London, Connecticut to Puerto Rico and back. The ship’s master paid a premium of ½ of 1%, or $135 to be insured against “the Danger of the Seas, of Fire, Enemies (unless a War), Pirates, assailing Thieves, Restraints and Detainments of all Kings, Princes of People, Baratry of the Master and of the Mariners, and all other Losses and Misfortunes that have or shall come to the Damage of said Sloop & Cargo.”

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