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  • Writer's pictureMegan Connor

Did the Pilgrims have property insurance?

When we think about the Pilgrims, the first image that comes to mind is often of their perilous journey on the Mayflower and their first Thanksgiving in the New World. But what about the practical matters of life in the early Plymouth Colony? Like, did the Pilgrims have property insurance?


The Pilgrims' Arrival in Plymouth:

In 1620, the Pilgrims arrived in Plymouth, Massachusetts, seeking religious freedom. They established a colony and built homes. Unlike today's modern structures, their houses were simple, often consisting of just one or two rooms, and constructed from wood and thatch. The threat of fire and other risks was very real.


The Concept of Insurance in the 17th Century:

Property insurance, as we know it today, did not exist in the early 17th century. The concept of insurance was in its infancy, primarily associated with shipping and trade. Property insurance, especially for individual homes, was virtually non-existent.


Community Cooperation:

In the absence of formal property insurance, the Pilgrims relied on a sense of community. In Plymouth, and many early American settlements, townspeople often banded together to assist each other in times of need. In case of a house fire or other disaster, the community would come together to help rebuild.


Limited Resources and Self-Reliance:

The Pilgrims lived in a challenging environment. They had limited resources and were highly self-reliant. They couldn't rely on insurance companies or emergency services as we do today. Their survival depended on their own resourcefulness and the mutual support of their community.


Property Insurance in Modern Times:

It's fascinating to ponder whether the Pilgrims would have chosen property insurance if it had been available in their time. Today, property insurance provides homeowners with a safety net, protecting their investments against various perils.


In summary, the Pilgrims did not have property insurance as we understand it today. Their existence was marked by self-sufficiency and communal support. While times have changed, and insurance has become an essential part of modern life, the Pilgrims' story serves as a reminder of the importance of community cooperation and resilience in the face of adversity.




Happy Thanksgiving from Zap Consulting!

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