Answer-The principle of indemnity aims to prevent:

Q: Answer-The principle of indemnity aims to prevent:

Explanation The principle of indemnity prevents the insured from making multiple claims for the same loss , ensuring that they are not overcompensated.

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The principle of indemnity aims to prevent:

Question

The principle of indemnity aims to prevent:

A Fraudulent claims by the insured. Correct Answer Incorrect Answer

B Overpayment of premiums by the insured. Correct Answer Incorrect Answer

C Multiple claims for the same loss by the insured. Correct Answer Incorrect Answer

D Insufficient coverage by the insurer. Correct Answer Incorrect Answer

Solution

Explanation: The principle of indemnity prevents the insured from making multiple claims for the same loss , ensuring that they are not overcompensated.

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UPSC EO/AO

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