What is the first mode of transporation that was insurable???
2007-09-27 10:30:00 · 3 answers · asked by atls f 1 in Cars & Transportation ➔ Insurance & Registration
Insurance actually started with shipping- cargo ships.
Back in the day - when ships would travel with cargo - it was common for them to go down (sink). Someone started to underwrite the cargo on the ships. A bill would be posted and the person that would insure the cargo for a fee would write the information under the bill (hence the term Underwriter). Eventually companies were formed. I believe Loyd's of London was one of the first.
You may want to do some Internet searches on the history of insurance or cargo to get better information.
2007-09-27 11:39:47 · answer #1 · answered by Boots 7 · 2⤊ 0⤋
Stage Coach
2007-09-27 17:37:50 · answer #2 · answered by Big Deall 4 · 0⤊ 0⤋
Rickshaw?
2007-09-27 18:39:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋