Question About Judges and Insurance

Futurist

Expert
35
First of all, am I posting this thread in the correct place? Indeed, I certainly hope that I am!

Anyway, though, here goes:

If an insurance contract ends up in court and the judge who is overseeing this case believes that the (total) payout specified in this insurance contract is excessive (for instance, a total payout of $1,000,000 for a broken vase which was only worth $1,000), could this judge impose a cap/limit on the (total) payout in this insurance contract?

Any thoughts on this?

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Indeed, isn't the purpose of insurance to return a person to his/her previous financial state (as opposed to allowing a person to enrich himself/herself) in the event that he/she experiences a loss?
 
"Indeed, isn't the purpose of insurance to return a person to his/her previous financial state (as opposed to allowing a person to enrich himself/herself) in the event that he/she experiences a loss? "

I think there may be situations in which a return to a prior financial state may not be adequate to allow the person to cope with the entire circumstance set of the loss.
 
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