Comments by "doveton sturdee" (@dovetonsturdee7033) on "RMS Olympic: Titanic's Unsinkable Sister" video.
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@nosferatut9084 I assume you have a source?
A number of conspiracists have previously made this unsubstantiated claim. They have alleged that 'Titanic's insurance was increased by J. P. Morgan from $5 million to $12.5 million 5 days before her fateful journey'. Some go as far as to state that 'Lloyd's paid out $12,500,000'.
However, Lloyds records do not agree with this at all. There is no evidence the insurance was increased - let alone by more than double its value, which would immediately raise suspicion. Ismay went on public record at the April 1912 United States Senate Hearings and also it was reported in the official public findings that the value of Titanic was "$7.5million" a figure independently verified by the 'New York Times' and 'The Spectator' ("$8 million") while insured at only "$5 million" (as reported at the Senate Inquiry, The New York Times and Lloyds itself).
If indeed Titanic had been insured at the last minute at "$12.5 million," as is alleged by these conspiracy theorists, would this not have raised serious alarm bells in the minds of the insurers at the time, especially if it was part of the public record that the value was "$7.5million"? Quite simply Titanic was underinsured, the main reason being that the White Star Line actually insured its own ships.
Any allegation to the contrary - of an increase - needs evidence, for which at present there is nothing but unverified speculation.
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