Under the rule of indemnity the insured is limited collect only the amount of the loss.

Name: Under the rule of indemnity the insured is limited collect only the amount of the loss.
Brand: Quizplus
Rating: 5.0 (52 reviews)

Question

Quizplus · Accepted Answer

The rule of indemnity states that the insured is entitled to be indemnified only to the extent of the actual amount of loss, not more. Therefore, the insured can collect only the amount of the loss and not more than that.

Under the Rule of Indemnity the Insured Is Limited Collect