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What is the principle of indemnity in marine insurance?

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What is the principle of indemnity in marine insurance?

The above asked question is from Insurance topic

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Other related questions to my question are:-

What is the principle of indemnity in insurance?

What is indemnity in marine insurance?

What is principle of indemnity with example?

What are the principles of marine insurance?

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The correct answer is: The Principle of Indemnity Indemnity is a guarantee to restore the insured to the position he or she was in before the uncertain incident that caused a loss for the insured.

The title of my answer can be The 7 Principles of Insurance Contracts: When You Need A

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