Discuss the basis of indemnity and settlement for the vintage car.
You are a claims handler for an insurer. One of your insurer’s policyholders, Paul, owns a rare vintage motorcar. The vintage car is insured under an agreed value insurance policy for the sum of £120,000. This agreedvalue is based on an expert valuation carried out in 2015. The policy has been renewed annually, with nosubsequent […]