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  2. Mitigation (law) - Wikipedia

    en.wikipedia.org/wiki/Mitigation_(law)

    Rather, the principle is that "damages will be limited by an assumption that [a plaintiff] has taken reasonable steps in mitigation of loss", regardless of whether they have not in fact taken such steps. [3] Even where case law speaks of a "duty to mitigate", the duty has been cited as "not a demanding one". [4]

  3. Measure of damages under English law - Wikipedia

    en.wikipedia.org/wiki/Measure_of_damages_under...

    Damages for breach of contract is a common law remedy, available as of right. [1] It is designed to compensate the victim for their actual loss as a result of the wrongdoer’s breach rather than to punish the wrongdoer. If no loss has been occasioned by the plaintiff, only nominal damages will be awarded.

  4. What is an insurance claim and when should you file one? - AOL

    www.aol.com/finance/insurance-claim-file-one...

    Reminder: your deductible is the amount you’ll pay for certain auto insurance coverage types to kick in. For example, if you do serious damage to your car — say, you back into something large ...

  5. Damages - Wikipedia

    en.wikipedia.org/wiki/Damages

    Special damages can include direct losses (such as amounts the claimant had to spend to try to mitigate damages) [15] and consequential or economic losses resulting from lost profits in a business. Damages in tort are awarded generally to place the claimant in the position in which he would have been had the tort not taken place. [16]

  6. How does auto liability work?

    www.aol.com/finance/does-auto-liability...

    The uninsured motorist coverage and underinsured motorist coverage options are structured similarly to liability, but pay for your damages if someone hits you and doesn’t have any insurance or ...

  7. Indemnity - Wikipedia

    en.wikipedia.org/wiki/Indemnity

    Indemnity insurance compensates the beneficiaries of the policies for their actual economic losses, up to the limiting amount of the insurance policy. It generally requires the insured to prove the amount of its loss before it can recover. Recovery is limited to the amount of the provable loss even if the face amount of the policy is higher.

  8. Total loss - Wikipedia

    en.wikipedia.org/wiki/Total_loss

    In insurance claims, a total loss or write-off is a situation where the lost value, repair cost or salvage cost of a damaged property exceeds its insured value, and simply replacing the old property with a new equivalent is more cost-effective. [1] [2] Such a loss may be an "actual total loss" or a "constructive total loss".

  9. Insurance bad faith - Wikipedia

    en.wikipedia.org/wiki/Insurance_bad_faith

    Insurance bad faith is a tort [1] unique to the law of the United States (but with parallels elsewhere, particularly Canada) that an insurance company commits by violating the "implied covenant of good faith and fair dealing" which automatically exists by operation of law in every insurance contract.