<span>In hopes of finding a route to Asia,Prince Henry started the first school to teach sailors about oceanic navigation, mapmaking, and more. He sponsored 14 expeditions in 12 years to try to navigate Cape Bojador on the coast now Western Sahara.Finally, Gil Eannes was able to successfully complete the journey. This became a stepping stone to find a maritime route to Asia.</span>
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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