Insurance Indemnity insurance compensates the beneficiaries of the policies for their actual economic losses, up to the limiting amount of the insurance policy. It generally requires the insured to prove the …

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

Sep 18, 2025 · Indemnity involves a contractual agreement where one party agrees to cover potential financial losses or damages caused by another party, often seen in insurance contexts.

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

Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party for any prospective loss or damage.

Definition of indemnity noun from the Oxford Advanced Learner's Dictionary. [uncountable] indemnity (against something) protection against damage or loss, especially in the form of a promise to pay for …

If something provides indemnity, it provides insurance or protection against damage or loss.

Aug 31, 2025 · Indemnity is a fundamental legal principle providing protection against potential financial loss or damage. It represents a commitment by one party to compensate another for specific losses …

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 …

Dec 30, 2024 · Explore the meaning of indemnity, its various forms, and how it operates in contracts, insurance policies, and leases. Learn from historical contexts and FAQ.