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.
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Reflecting the source of most data in Ghana, malaria has been a leading cause of death together with lower respiratory tract infections, neonatal infections, ischemic heart disease, stroke, HIV/AIDS, and tuberculosis.
The proposal of Samuel Gompers under the American Federation of Labor is UNIONISM. Gompers repudiated socialism and he advocates a pragmatic unionism. He proposed the an agreement containing clauses stipulating union members (closed shop) and that employee should be required to pay the employer advocating the open shop.
Impaired drivers not only affect themselves and other individuals, they affect our society.
