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What is the definition of indemnity? the amount you pay each year to the insurance company having a financial stake in the risk being insured restoring the person to the financi…

What is the definition of indemnity? the amount you pay each year to the insurance company having a financial stake in the risk being insured restoring the person to the financi…
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What is the definition of indemnity? the amount you pay each year to the insurance company having a financial stake in the risk being insured restoring the person to the financial position he or she had before the loss

asked
User Anurag Prashant
by
8.4k points

1 Answer

3 votes
indemnity is the security or protection against a loss or other financial collapse.
answered
User Joey Dumont
by
8.2k points
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