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What is indemnity insurance for property


An indemnity insurance policy covers a legal defect with the property that either can't be resolved or would be very costly and/or time consuming to do so. So, instead of trying to fix the problem, you simply take out the insurance to protect you against an expensive bill in the future.

Why do I need indemnity insurance?

Indemnity insurance protects against claims arising from possible negligence or failure to perform that result in a client's financial loss or legal entanglement. A client who suffers a loss can file a civil claim.

What is covered by indemnity?

The plan will pay for charges for medical tests and prescriptions as well as from doctors and hospitals. It may not pay for some preventive care, like checkups. With Indemnity health plans, the insurer only pays for part of your doctor and hospital bills.




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