Author: mikedemko
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Indemnity: What It Means in Insurance and the Law
What Is Indemnity? Indemnity is a comprehensive form of insurance compensation for damage or loss. When the term indemnity is used in the legal sense, it may also refer to an exemption from liability for damage. Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damage.…