193k views
3 votes
The principle of indemnity is very difficult to apply to ____ insurance. ​auto ​homeowner's ​health ​life

User Zaynab
by
8.8k points

1 Answer

4 votes
It is very difficult to apply to Life insurance.
The principle of indemnity is a characteristic of insurance that guarantee the insured to got back to the condition prior to agreed clause.
Since life insurance is activated when the insured is dead, there is no way to bring him/her back to the condition prior to his/her death.
User Tyler B
by
9.0k points