What Does Principal of Indemnity Mean?

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What does Principal of Indemnity mean? Read on to discover the definition & meaning of the term Principal of Indemnity - to help you better understand the language used in insurance policies.

Principal of Indemnity

Principal of Indemnity

The principle that insurance policies should provide a benefit no greater than the loss suffered by an insured.

We hope the you have a better understanding of the meaning of Principal of Indemnity.

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