In the event of a dispute, courts will read insurance policies as they would expect the insured to do.This is known as:
A)the principle-agent problem.
B)attribution bias.
C)the principle of indemnity.
D)subrogation.
E)expectations principles.

Question

Quizplus · Accepted Answer

This is known as the expectations principle, which means that in the event of ambiguity or dispute, courts will interpret insurance policies in a manner consistent with what a reasonable person in the position of the insured would have understood the terms to mean. This principle is designed to protect the insured's reasonable expectations of coverage.

In the Event of a Dispute, Courts Will Read Insurance