The principle of indemnity is designed to do what?

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The principle of indemnity is designed to do what?

a. Restore the insured to the same place where they were prior to the loss

b. Require the insured to place the right amount of insurance coverage

c. To indemnify the insurance company after paying out for a loss

d. The require the insurer to pay the policy limit or property value, whichever is more.

Answer: a

The above question The principle of indemnity is designed to do what?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.

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