Indemnity
- Insurance
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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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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The Principle Of Indemnity In Insurance Contracts
The principle of indemnity in insurance emphasizes that on the happening of a loss, the insured shall be put back…
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Methods Of Providing Indemnity To Insurance Contract
First Loss Insurance is a type of policy where the sum-insured is deliberately restricted to a sum lesser than the…
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