Respuesta :
indemnity the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have.
The principle of indemnity is the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have.
What is loss?
Loss occur due to some unplanned circumstances. It could be loss of live and properties such as cars and house.
Insurance allows us to have a backup in case of loss.
Therefore, The principle of indemnity is the idea that you can never recover more than the loss is worth, regardless of the amount of insurance that you have.
Learn more on indemity here,
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