Please wait...
Contact Us
Contact
Need assistance? Contact us on below numbers

For Enquiry

10:00 AM to 7:00 PM IST all days.

Business Inquiry (North)

Business Inquiry (West / East / South)

OR

or

Thanks, You will receive a call shortly.
Customer Support

You are very important to us

For any content/service related issues please contact on this number

022-62211530

Mon to Sat - 10 AM to 7 PM

what is indemnity

Asked by Raju 9th February 2018, 10:34 PM
Answer Verified by Expert
Answer:

Contracts of fire or marine insurance are contracts of indemnity. If the insured for the loss caused to him because of damage of property insured then the compensation payable and the loss suffered are to be measured in terms of money. 

Verified by Expert 10th February 2018, 6:12 AM
Rate this answer
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

You have rated this answer /10

Your answer has been posted successfully!

Chat with us on WhatsApp