Indemnification

The technical definition of "indemnity" means to make whole again. There are two types of insurance contracts; an "indemnity" policy anda "pay on behalf" or "on behalf of"[3] policy. The difference is significant on paper, but rarely material in practice. An "indemnity" policy will never pay claims until the insured has paid out of pocket to some third party; for example, a visitor to your home