The principle of indemnity is a central concept in property and casualty insurance. Which of the following best describes this principle?
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A
The insured should receive the full policy limit for any covered loss.
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B
The insured should be restored to approximately the same financial position as before the loss.
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C
The insurer is entitled to profit from the premiums paid by the insured.
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D
The insured is allowed to collect from multiple insurance policies for the same loss to maximize recovery.