Which value is NOT a factor in determining the amount of a loss settlement under the Indemnity Agreement?

The future investment value of the property that was lost or damaged is not a factor in determining the amount of a loss settlement under the Indemnity Agreement. Under the principle of indemnity, insurance aims to restore the insured to their financial position before the loss, without allowing them to profit from the insurance payout.

This principle focuses on tangible losses rather than speculative values, such as what an investor might expect the property to be worth in the future. Instead, the assessment of a loss settlement typically involves factors such as the current market value of the property, repair costs, and depreciation.

Current market value ensures that the insured is compensated based on what the property is worth at the time of loss. Repair costs reflect the necessary expenditures to restore the property to its pre-loss condition. Depreciation accounts for the decrease in value over time due to wear and tear, ensuring that the settlement reflects the property's actual diminished value at the time of the loss. Thus, the future investment value is outside the scope of what an indemnity settlement aims to recover.