According to the principle of indemnity, you cannot:

The principle of indemnity is a fundamental concept in insurance that ensures individuals are compensated for their losses but do not profit from them. This principle emphasizes that an insured party can only recover the amount of their actual loss, meaning they cannot claim more than what was lost or damaged.

When looking specifically at the options regarding the principle of indemnity, the statement that individuals cannot profit from a loss aligns perfectly with the concept. This means that if an insured item is lost or damaged, an insurance payout should only restore the individual to the same financial position they were in prior to the loss, rather than giving them an additional financial gain.

Additionally, under this principle, claiming more than actual losses directly conflicts with the objective of indemnity. The purpose of insurance is to provide security and a safety net against unforeseen events, not to serve as a means of generating income or profit from unfortunate circumstances.

Therefore, the correct understanding of the principle of indemnity highlights both the inability to profit from a loss and the limitation on claims to the actual losses incurred. This elucidates why both the ideas of not profiting from a loss and not claiming more than actual losses combine to form an accurate response in this context.