What does Contract of Indemnity mean? Read on to discover the definition & meaning of the term Contract of Indemnity - to help you better understand the language used in insurance policies.
Contract of Indemnity
A contract of indemnity is a legal agreement between two parties in which one party agrees to pay another party for a loss or damage that meets certain criteria and conditions, barring certain specified circumstances.
We hope the you have a better understanding of the meaning of Contract of Indemnity.