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KC2176B Group Life Claim Statement Gardner & White  Form

KC2176B Group Life Claim Statement Gardner & White Form

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the concept of Indemnity is best illustrated by uh would it be a is a yeah yeah so first thing you want to identify here is what is that what is indemnity Indemnity is or indemnification right is getting the insured back to the same financial position they were in prior to suffering a loss right so the concept of Indemnity is replacing a 10-year-old television with the same one right just getting them back to the same position they were in previously right just replace in the same TV that would be Indemnity in auto insurance insurable interest must exist at which of the following times I'm I'm thinking c c yeah so remember with insurable interest again first thing we want to identify is what is insurable interest that is that you have to be in a position where you're going to lose something financially in the event of a loss right so examples I used yesterday was I can't think my neighbor's house is you know going to fall apart any minute and go

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