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Found: Stolen Alexander Hamilton Letter to the Marquis de Lafayette

smithsonianmag.com

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Re: Found: Stolen Alexander Hamilton Letter to the Marquis de Lafayette

#4
When something like this is found, is the family just out of luck as far as the value of the item goes, or do they somehow get compensated? Obviously they didn't know it was stolen when they bought it from the rare document dealer. Is there insurance for cases like that?

Re: Found: Stolen Alexander Hamilton Letter to the Marquis de Lafayette

#5

When something like this is found, is the family just out of luck as far as the value of the item goes, or do they somehow get compensated? Obviously they didn't know it was stolen when they bought it from the rare document dealer. Is there insurance for cases like that?

They can sue the dealer that sold them the object. I'm sure they can get insurance too but possibly the insurer would do some research on the object before underwriting. Kind of like title insurance.

Re: Found: Stolen Alexander Hamilton Letter to the Marquis de Lafayette

#6

When something like this is found, is the family just out of luck as far as the value of the item goes, or do they somehow get compensated? Obviously they didn't know it was stolen when they bought it from the rare document dealer. Is there insurance for cases like that?

Also how much time has to pass before the stolen nature becomes immaterial? I would imagine that a majority of artifacts in most history museums fit some definition of the word "stolen". Is this just different because it was stolen within the last century?

Re: Found: Stolen Alexander Hamilton Letter to the Marquis de Lafayette

#8
post #5

When something like this is found, is the family just out of luck as far as the value of the item goes, or do they somehow get compensated? Obviously they didn't know it was stolen when they bought it from the rare document dealer. Is there insurance for cases like that?

They can sue the dealer that sold them the object. I'm sure they can get insurance too but possibly the insurer would do some research on the object before underwriting. Kind of like title insurance.

I bought title insurance last week because I had to. But I'm curious what it's about.

Is it in case someone shows up and is like, "no I'm the actual owner of the house. The seller defrauded everyone, look at all this evidence."?

Re: Found: Stolen Alexander Hamilton Letter to the Marquis de Lafayette

#10
post #5

Earlier quoted context omitted.

They can sue the dealer that sold them the object. I'm sure they can get insurance too but possibly the insurer would do some research on the object before underwriting. Kind of like title insurance.

I bought title insurance last week because I had to. But I'm curious what it's about. Is it in case someone shows up and is like, "no I'm the actual owner of the house. The seller defrauded everyone, look at all this evidence."?

Yes, that’s exactly what it’s for.

A more realistic scenario is a family member sold a house but didn’t own the rights. Next thing you know, another family member shows up and tries to dispute the sale.

That’s how I understand it.

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