Travelers Issued First Accident Policy for Space Flight and Lunar Exploration

On July 24^th, 1969, Travelers issued a press release informing the public that the company had provided coverage for the Apollo 11 astronauts.

Neil A. Armstrong, Edwin E. Aldrin Jr., and Michael Collins each had $50,000 policies, which were effective from the time the crew entered the command module through the completion of their quarantine period back on earth. Included in the astronauts’ policies was protection against any threat of illnesses or diseases while exploring the lunar surface. Since humans had never landed on the surface of the moon before, Travelers had to consider various, unknown risks when writing these policies.