1921 Lloyds of London in Chicago, Illinois For Sale

Genuine xxxx Lloyds of London insurance policy to insure (for one year) a woman's pearl necklace consisting of 81 pearls with marquise diamond snap valued at $100,000, which in that year exceeded by $25,000 the one year salary of the President of the United States. One year insurance premium cost: $625. Measures 10 X 15 3/8 inches. 4 pages (4th page mostly blank). Excellent and crisp condition except for folding. Includes five genuine U.S. revenue stamps on the document.
Lloyd's of London is a British insurance entity where multiple financial backers, underwriters, or individual members (known as Names) come together to pool and spread risk. Lloyd's gained notoriety by insuring high-risk or unusual items. For example, Lloyds has insured Betty Grable and Michael Flatley's legs, Bruce Springsteen and Rod Stewart and Bob Dylan's vocal cords, the continuity of the comedy partnership of Abbot and Costello (who famously did not get along), and the derriere of Jennifer Lopez.