Finance
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Use Of Subrogation In Insurance Claims
It has already been explained in my previous article on how subrogation arises and how this goes to the benefit…
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How The Right Of Subrogation Arises In Insurance
Consider an example that ‘X’ had been to Ottawa driving his car. After parking the car somewhere in front of…
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Difference Between Salvage And Abandonment In Insurance
Salvage And Abandonment have different meaning in insurance. Salvage generally refers to remains of the property after a loss. Usually,…
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Can An Insured Recover The Damages From Multiple Sources?
The principle of subrogation is applicable only to the insurance contracts those are of contracts of indemnity. A very prominent…
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Principle Of Subrogation In Insurance
Principle Of Subrogation is the legal doctrine of substituting one creditor for another. Subrogation is a right where a person…
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Payment Of Insurance Claims And Its Impact On Sum Insured
Sum Insured is not free from all dangers. What happens to it? The question usually crops up into our mind…
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Exceptions To The Principle Of Indemnity In Insurance
Exceptions To The Principle Of Indemnity: In theory, any person can open any number of policies for any amount and…
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Types Of Average Used In Insurance
Average is a method by which under-insurance is defeated. The norms of insurance demand that there should always be full…
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6 Factors Limiting The Payment Of Indemnity In Insurance
In insurance contracts, indemnity is provided subject to certain terms and conditions of the policy. Moreover, indemnity is not global…
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Application Of Principle Of Indemnity In Various Insurances
The principle of indemnity emphasizes that on the happening of a loss. As per the principle, the insured shall get…
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