indemnity to principles clause

German translation: Bereicherungsverbot

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:indemnity to principles clause
German translation:Bereicherungsverbot
Entered by: PatriciaKoehler

14:41 Aug 12, 2017
English to German translations [PRO]
Law/Patents - Insurance
English term or phrase: indemnity to principles clause
Ich kann hierzu leider keine deutsche Entsprechung finden.
Diese Klausel erklärt sich wie folgt:

All insurance policies have a principle of indemnity clause which basically states you cannot profit from insurance. If one company pays your loss in full and then realizes you had coverage with another company, the company which paid in full, can collect its "share" from the other insurance company. This process is called contribution.

Vielen Dank!
PatriciaKoehler
Germany
Local time: 13:22
Bereicherungsverbot
Explanation:
https://dejure.org/gesetze/VVG/200.html
Selected response from:

Daniel Gebauer
Spain
Local time: 13:22
Grading comment
Vielen Dank!
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +1Bereicherungsverbot
Daniel Gebauer


  

Answers


1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
Bereicherungsverbot


Explanation:
https://dejure.org/gesetze/VVG/200.html

Daniel Gebauer
Spain
Local time: 13:22
Specializes in field
Native speaker of: Native in SpanishSpanish, Native in GermanGerman
PRO pts in category: 243
Grading comment
Vielen Dank!

Peer comments on this answer (and responses from the answerer)
agree  Karolin Schmidt: Jawohl, sehr schön, auch hier: https://ub-madoc.bib.uni-mannheim.de/67/
2 hrs
  -> Merci
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