Paragraph match score 82.7%
Page A-601
Key Takeaways
The principle ensures that policyholders are compensated only for their actual losses, preventing them from making a financial gain from claims.
Page A-616
Subrogation vs. Indemnity – Key Differences
Ensures that the insured is compensated only for the actual loss suffered, preventing any financial gain. Purpose Prevents policyholders from recovering twice (from the insurer and the at-fault third party).