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Schedule I (Details) (USD $) | Dec. 31, 2013
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Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | $ 123,772,214 | [1],[2]
Market Value | 141,181,163 | [2]
Amount at which shown in the Balance Sheet | 141,181,163 | [2],[3]
Investments in related party accounted for under the cost and equity method | 1,582,519 |
Fixed maturities |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 95,906,533 | [1]
Market Value | 99,371,786 |
Amount at which shown in the Balance Sheet | 99,371,786 | [3]
States, municipalities and political subdivisions |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 69,323,880 | [1]
Market Value | 72,091,721 |
Amount at which shown in the Balance Sheet | 72,091,721 | [3]
All other corporate bonds |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 18,656,280 | [1]
Market Value | 19,353,692 |
Amount at which shown in the Balance Sheet | 19,353,692 | [3]
Short-term investments |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 7,926,373 | [1]
Market Value | 7,926,373 |
Amount at which shown in the Balance Sheet | 7,926,373 | [3]
Equity securities |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 22,200,369 | [1]
Market Value | 36,144,065 |
Amount at which shown in the Balance Sheet | 36,144,065 | [3]
Public utilities |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 958,864 | [1]
Market Value | 1,274,489 |
Amount at which shown in the Balance Sheet | 1,274,489 | [3]
Banks, trust and insurance companies |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 1,700,194 | [1]
Market Value | 2,800,874 |
Amount at which shown in the Balance Sheet | 2,800,874 | [3]
Industrial, miscellaneous and all other |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 19,346,311 | [1]
Market Value | 31,827,202 |
Amount at which shown in the Balance Sheet | 31,827,202 | [3]
Nonredeemable preferred stocks |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 195,000 | [1]
Market Value | 241,500 |
Amount at which shown in the Balance Sheet | 241,500 | [3]
Other investments |  |
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items] |  |
Cost | 5,665,312 | [1]
Market Value | 5,665,312 |
Amount at which shown in the Balance Sheet | $ 5,665,312 | [3]
[1] | Fixed maturities are shown at amortized cost and equity securities are shown at original cost
[2] | The above summary of investments does not include investments in related parties accounted for under the cost and equity methods of accounting in the amount of $1,582,519
[3] | Bonds of states, municipalities and political subdivisions are shown at amortized cost for held-to-maturity bonds and fair value for available-for-sale bonds. Equity securities are shown at fair value

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