The principle of ____ states that an insured should not be compensated by an insurance company in an amount exceeding the economic loss.
A)subrogation
B)insurable interest
C)coinsurance
D)indemnity
E)none of these

Question

Quizplus · Accepted Answer

The principle of indemnity states that an insured should not be compensated by an insurance company in an amount exceeding the economic loss. This principle is an essential part of any insurance contract and ensures that the policyholder is restored to their original financial position before the loss occurred.

The Principle of ____ States That an Insured Should Not