1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
coldgirl [10]
1 year ago
10

Restoring an insured to the same condition as before a loss is an example of the principle of?

Social Studies
1 answer:
dybincka [34]1 year ago
8 0

Restoring an insured to the same condition as before a loss is an example of the principle of Indemnity. The principle of indemnity makes sure that the insurance contract protects and compensates you for any loss, damage or injury. The objective of an insurance contract is to make you "whole" in case of a loss, not to allow you to make a profit. Thus, the amount of your compensation for damages is directly related to the amount of damages you actually suffered.

The principle of indemnity states that an insurance policy will not provide compensation to the policyholder in excess of their financial loss. This limits the benefit to an amount that is sufficient to recover the policyholder to the same financial position they were in before the loss.

Learn more about the Principle of Indemnity:

brainly.com/question/11431424

#SPJ4

You might be interested in
Rather than be under the rule of the Lords Proprietors, the colonists of South Carolina wanted to become which type of colony? a
Paladinen [302]
A royal colony is the correct answer
4 0
4 years ago
Read 2 more answers
Who was not a target of John Wilkes Booths assassination plot?
erma4kov [3.2K]
<span>It's all speculation, but I'm going with B because she was a woman. Not just for social reasons, but because women didn't pose a political threat back then.</span>
7 0
3 years ago
What wad the Impact of the Treaty of Paris on World History​
NeX [460]

Answer: The Treaty of Paris of 1763 ended the French and Indian War/Seven Years' War between Great Britain and France, as well as their respective allies. In the terms of the treaty, France gave up all its territories in mainland North America, effectively ending any foreign military threat to the British colonies there.

Explanation: From Google

3 0
3 years ago
Read 2 more answers
How does consumer spending affect economic growth
LiRa [457]

Answer: Even a small downturn in consumer spending damages the economy. As it drops off, economic growth slows. Prices drop, creating deflation. If slow consumer spending continues, the economy contracts.

Explanation:

7 0
3 years ago
Read 2 more answers
What three things did Pacholke and the two other correctional workers (an anthropologist and a sociologist) experiment with to t
anyanavicka [17]

First they started training officers in teams rather that sending two or three officers to the state training academy. Instead of giving them four weeks of training they gave them ten and the experimented with an apprenticeship where they paired new personal with veterans and they got better at the work. They added verbal de-scalating skills and they made it part of the force. It was the non-force use of force. They trained the inmates in the skills. They changed the skills set, reducing violence not just acting against it. Third, they expanded their facilities and they tried a new type of design. The biggest and most controversial part of this design was the toilet. There were no toilets. They might not sound significative today but at that time it was huge. The units were cleaner, safer and more humane.

6 0
4 years ago
Other questions:
  • What is the importance of the United States?<br> I have to write one paragraph.
    12·2 answers
  • . Building from what you have learned so far in this course, explain how an organization gets to the risk mitigation step/phase.
    6·1 answer
  • PART 1:<br>Please help me... I need this done by 5 pm on June 6th! Please do both images...
    7·1 answer
  • The ________ hypothesis is the ideology common in the united states that people get the outcomes they deserve. dogma just-desert
    14·2 answers
  • The family-focused lifestyle of retirement revolves around home, family, and companions, whereas balanced investment also focuse
    13·1 answer
  • Answer the question pls
    13·1 answer
  • When childrearing methods are studied researchers have found that...
    9·1 answer
  • The building was damaged by the fire is an active voice or passive voice?​
    11·1 answer
  • How did the Louisiana government respond to the women's rights movement of the late 1800s?
    7·2 answers
  • PLZZZZZ HELP!!! 15 POINTS!!!!
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!