 | Insurance terms glossary. |
| selected terms: 4 | page 1 of 1 |
- Indemnify
- "1. to promise to pay someone if something they possess is damaged or lost2. to pay someone money because of loss, injury, or damage that they have suffered Insurance will indemnify More…
- indemnitor
- a person who gives indemnity. In the case of bonds this is the person who is signing as the indemnitor and will be expected to pay back the bond company if a claim is made.
- Indemnity
- "1. protection against loss or damage, especially in the form of a promise to pay for any losses or damage2. a payment for the loss of money, goods etc."
- Inland Marine
- "A type of property coverage. An inland marine policy would cover mobile equipment. The term comes from the progression of insurance which originally covered only marine risks. When More…
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