in

What is the “measure of indemnity” in marine insurance?

Where there is a total loss the measure of indemnity is 100% of the insured value. Where 50% of subject matter insured is destroyed, the measure of indemnity is 50% of the insured value, etc.

Share this:

Written by Ship Inspection

Leave a Reply

What is meant by “insurable interest”?

How does an indemnity operate in marine insurance?