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     • With indemnity, the insurer indemnifies the policyholder—that is, promises to make whole the individual or business for any covered loss. Indemnity is a comprehensive form of insurance compensation for damage or loss.
     www.investopedia.com/terms/i/indemnity.asp

     Indemnity: What It Means in Insurance and the Law - Investopedia

2. People also ask

   What does indemnity mean?

   • It's a Scorcher! Words for the Summer Heat The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

   Indemnity Definition & Meaning - Merriam-Webster

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   What does indemnity mean in a boat insurance policy?

   • Indemnity is compensation for damage or loss. In case of loss of the vessel, the ship owner receives no indemnity for loss, but acquires immunity from payment of the loan. The policy may pay certain or all expenses for medical and similar services and a weekly or monthly indemnity for loss of income. Indemnity is compensation for damage or loss.

   INDEMNITY definition and meaning | Collins English Dictionary

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   What is a letter of indemnity?

   • They generally take the form of a letter of indemnity. Indemnity insurance is a type of insurance policy where the insurance company guarantees compensation for losses or damages sustained by a policyholder.

   What Is Indemnity Insurance? How It Works and Examples - Investopedia

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   What does indemnity insurance cover?

   • As with any other form of insurance, indemnity insurance covers the costs of an indemnity claim including but not limited to court costs, fees, and settlements. The amount covered by insurance depends on the specific agreement, and the cost of the insurance depends on many factors including the history of indemnity claims.

   What Is Indemnity Insurance? How It Works and Examples - Investopedia

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3. www.investopedia.com › terms › iIndemnity: What It Means in Insurance and the Law - Investopedia

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   Feb 25, 2024 · Indemnity is a comprehensive form of insurance compensation for damage or loss. In an indemnity arrangement, one party agrees to pay for potential losses or damage caused by another...

4. www.merriam-webster.com › dictionary › indemnityIndemnity Definition & Meaning - Merriam-Webster

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   The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

5. Videos

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     Indemnity: What It Means in Insurance and the Law

     Dec 31, 2008

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     What Is Indemnity Insurance? How It Works and Examples

     Dec 31, 2008

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     Law of Indemnity | Indian Contract Act | Simple Explanation

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6. dictionary.cambridge.org › english › indemnityINDEMNITY | definition in the Cambridge English Dictionary

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   INDEMNITY meaning: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

7. dictionary.cambridge.org › english › indemnityINDEMNITY | English meaning - Cambridge Dictionary

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   INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

8. www.investopedia.com › terms › iWhat Is Indemnity Insurance? How It Works and Examples

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   Feb 26, 2024 · The term indemnity insurance refers to an insurance policy that compensates an insured party for certain unexpected damages or losses up to a certain limit—usually the amount of the...

9. www.dictionary.com › browse › indemnityINDEMNITY Definition & Meaning | Dictionary.com

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   Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by insuring them for certain potential situations, such as damages to their property from natural disasters or accidents.

10. www.collinsdictionary.com › english › indemnityINDEMNITY definition and meaning | Collins English Dictionary

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    An indemnity is an amount of money paid to someone because of some damage or loss they have suffered.