What is the difference between indemnity and non-indemnity insurance?

Question by Puggy: What is the difference between indemnity and non-indemnity insurance? What is the difference between indemnity and non-indemnity insurance?

Best answer:

Answer by mbrcatzTechnically, an indeminty policy will PAY YOU BACK, after you’ve paid the initial outlay. The opposite of that, would be a “pay on behalf of” type policy.

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What is the difference between indemnity and non-indemnity insurance?

Question by Puggy: What is the difference between indemnity and non-indemnity insurance? What is the difference between indemnity and non-indemnity insurance?

Best answer:

Answer by mbrcatzTechnically, an indeminty policy will PAY YOU BACK, after you’ve paid the initial outlay. The opposite of that, would be a “pay on behalf of” type policy.

What do you think? Answer below!

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