OH Public Adjuster Practice Questions - Ohio Public Adjuster Exam

What is the principle of 'indemnity' in property insurance?

The insured should profit from a loss The insured should be restored to the same financial position as before the loss The insurer must pay the full policy limit for every claim The insured must pay a deductible equal to 50% of the loss

Correct Answer:

The insured should be restored to the same financial position as before the loss

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