With respect to indemnity,the value of the insured property is taken after the date of loss when determining how much the insured can recover.

Name: With respect to indemnity,the value of the insured property is taken after the date of loss when determining how much the insured can recover.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In indemnity, the value of the insured property is typically determined based on its value immediately before the loss, not after. This is to ensure that the insured is compensated for the actual loss incurred.

With Respect to Indemnity,the Value of the Insured Property Is