Latin Legal Terms

Assecuratus non quaerit lucrum sed agit ne in damno sit

Assecuratus non quaerit lucrum sed agit ne in damno sit – This Latin maxim says that the assured does not purse acquiring profits but makes at levels so he won’t meet loses. This expression is used in the sphere of Insurance Law, where details that the remedies should not be bigger nor less than the damages suffered by the insured person. For example, if they destroy your car, then the insurance company will reimburse you with a sum enough to buy a car of the same type and specifications – not worse but not better one.

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