Which of the following is not a factor considered in the indemnity agreement?

The purchase price of the property is not considered a factor in the indemnity agreement primarily because the purpose of an indemnity agreement is to return the insured to the financial position they were in before a loss, rather than simply replacing the cost of purchasing the property.

In insurance, the actual cash value considers depreciation and is used to evaluate what the insured party would receive in compensation for a loss, reflecting the property's current value rather than its original purchase price. The interest of the insured in the property is significant as it establishes the extent to which the insured has a financial stake in the property being covered. The amount of insurance on the property is also critical because it determines the maximum payout available under the policy.

Thus, the focus of indemnity is on current value and financial interest rather than historical purchase price.