Specialist Policies — Part II
by Andrea
Overdue insurance: kind of insurance which is currently out of date due to innovations in communication. It was an untimely form of reinsurance and was acquired by an insurer when a ship was behind schedule arriving at the destination harbor. The risk here was the ship might have been gone but, just as might have been late. The past due insurance of the Titanic was legendary countersigned on the doorstep of Lloyd’s.