If shipwrecks were more common in the past, did people shipping things have a higher expectation that their stuff wouldn’t reach its destination?

Question

Like, did they just shrug and be like “oh well, I guess we aren’t getting our pineapples this year” or was it a rare and problematic occurence?

In: Other

Answer 1

Recommended reading: The Merchant of Venice. If I remember correctly the protagonist has three commercial shipping voyages fail to reach their destination and that is what causes his debt to the merchant and creates the conflict.