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Question: The principle of indemnity in insurance means

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  1.  A person has the right to sue an insurer for loss when they are not satisfied with the payment of a claim
  2.  That a person may not collect more than his/her actual financial loss in the event of damage caused by an insured peril
  3.  That a person will not be reimbursed for a loss unless he can show proof of loss
  4.  An employer is always responsible for the careless acts on an employee
  5.  A adjusters may not be held liable for twice the claim if a settlement has already been reached on a policy

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2. That a person may not collect more than his/her actual financial loss in the event of damage caused by an insured peril

The principle of indemnity in insurance means that a person may not collect more than his/her actual financial loss in the event of damage caused by an insured peril.

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