TITANIC DECEPTION by Joe Loesch - pt8 Conclusion
The Titanic was a remarkable ship with a construction cost of around 10 million dollars, making it insurable for that amount or even more due to its brand-new status. In contrast, the Olympic, also owned by the White Star Line, had suffered severe damage and would have been insurable for a significantly smaller amount. This stark difference in insurance value raises questions about the possibility of a ship-switching motive.
Typically, the White Star Line assumed a portion of the risk when insuring its vessels. Initially, Lloyds of London was believed to be only liable for 7.5 million dollars in insurance claims. However, just a week before the Titanic's supposed maiden voyage, which we now know as the Olympic, the White Star Line substantially increased the insurance coverage on the ship. Remarkably, only five days after the Titanic sank, Lloyds paid out 12.5 million dollars in insurance claims.
A careful examination of the bow provides compelling evidence. In 1986, the French National Oceanographic Institute collaborated with Dr. Robert Ballard to inspect the wreck, including the ship's name. Following the White Star Line tradition, the Titanic and the Olympic had their names engraved into the upper bow plates in four-foot-high letters. However, examining the wreck, it was discovered that the ship's name consisted of iron letters riveted onto the original bow plates. Over time, two letters have fallen off and lost in the seabed sediment. At the place where they once were engraved into the hull are the letters…M and P…