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It means the purpose who was not At Fault will be compensated for the damage the at-fault party caused.

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Q: What does indemnity mean in car insurance?
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Does professional indemnity cover any type of insurance?

No, professional indemnity doesn't cover just any type of insurance. It's insurance that covers your professional life. So, everybody gets car insurance but it wouldn't be included under professional indemnity unless your car was a work asset, like for a traveling salesman.


What sorts of car insurance cover are available from The Travelers Indemnity Company?

The types of car insurance cover that is available from The Travelers Indemnity Company include bodily injury, property damage, medical payments, and damage from fire and theft.


Are life insurance indemnity contracts?

contact of insurance is an example of indemnity contracts


How far contract of insurance are contract of indemnity?

all types of insurance is not a contract of indemnity because life insurance cannot b measured in terms of money , that is why it is not a contract of indemnity


What insurance company offers an upgrade in your car in case of accident?

None. Your auto insurance policy is a contract of indemnity. Not a contract of profit.


What is indeminity insurance?

The misspelling of Indemnity Insurance?


What does the Indemnity to Principals Clause mean?

Indemnity to Principals clause means that the cover is extended to the principal in the event that he/she is sued. This is common for most insurance covers.


Why Life insurance contract is not a contract of indemnity?

is fire insurance or medi claim (health ins) or motor insurance or life insurance which of them is a contract of indemnity


What type of insurance cover is a professional indemnity?

The professional indemnity insurance covers businesses and individuals who specialize in providing services. Professional indemnity insurance helps those who are accused of negligence or malpractice.


Is life insurance a contract of indemnity?

Most insurance contracts are indemnity contracts. Indemnity contracts apply to insurances where the loss suffered can be measured in terms of money.


What does closed without any indemnity mean?

It means you had an insurance claim of some sort for which the insurance company did not pay anything.


What is PNI insurance?

Protection and Indemnity