The principal of indemnity, which underlies insurance law, says you should
A) not be able to recover more from insurance than what you have lost.
B) be able to command a premium on what you have lost.
C) be reasonably compensated for pain and suffering through loss.
D) not be able to recover up to what you have lost.
Correct Answer:
Verified
Q30: Which is a characteristic of property risk
Q31: A suicide would be classified as a
A)
Q32: If your home has a value of
Q33: The amount of a loss that must
Q34: Correlated risks are
A) a perfect storm of
Q36: Jerome insured his home for $120,000. He
Q37: If an agent added a rider to
Q38: If there is an exclusion on your
Q39: A deductible is the
A) proportion of the
Q40: The principle of indemnity means that an
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents