The principle which prevents an insured from receiving a claim that is more than the value of the loss, if the property is insured by more than one company is
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Correct Answer: Option B
Explanation:
Contribution is one of the principle of insurance, this principle prevents the insured from making profit from the insurance because it is a contract of good faith.
Contribution is one of the principle of insurance, this principle prevents the insured from making profit from the insurance because it is a contract of good faith.