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WorldTimes of India

Titanic's owners received $5 million within 30 days of the sinking; 114 years later, original insurance certificate resurfaces and could sell for $67,000

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Titanic's owners received $5 million within 30 days of the sinking; 114 years later, original insurance certificate resurfaces and could sell for $67,000

More than a century after the Titanic sank in the North Atlantic, an unusual piece of paperwork connected to the doomed liner's final voyage has resurfaced. An original insurance document linked to the ship's $5 million total-loss cover, arranged just weeks before the disaster, is set to go under the hammer in Britain, with an estimated price of up to $67,000.

The document is being offered by British auction house Henry Aldridge and Son at its November 21 auction in Devizes, England. It carries an estimate of £30,000 to £50,000, equivalent to approximately $40,000 to $67,000.The document is particularly striking because it records insurance protection for a ship that was widely believed to be virtually unsinkable, yet disappeared beneath the Atlantic less than a month after the policy took effect.