what does indeminifies mean?

Question

please explain the word indeminifies in relivence to a car accident caused by the other driver

Answer 1

indemnifies means to "save harmless" which means that if a person is indemnified, that means that they are secured against some future loss or injury or damage.

So if you are indemnified by an insurance policy or someone else's insurance policy, that means that you would be compensated for your losses.

So if another driver's fault caused injury to you, their insurance (or sometimes your own) indemnifies you for any loss or injury you may suffer, i.e., you will be compensated for it and "saved harmless".

Answer 2

1.Security against damage, loss, or injury.

2.A legal exemption from liability for damages.

3.Compensation for damage, loss, or injury suffered.

it is called "stepping into the shoes of other's". for example if a car accident is caused, where A and B are driving. later it is found to be the fault on B. Then the damages faced by A will be reimbursed from the insurance paid by B. That is called indemnity or stepping into the shoes of other's

Compensation for loss. In a property and casualty contract, the objective is to restore an insured to the same financial position after the loss that he or she was in prior to the loss. But the insured should not be able to profit by damage or destruction of property, nor should the insured be in a worse financial position after a loss.

In life insurance the situation is totally different. By the payment of a single premium, the beneficiary of an insured can be placed in a much better financial position at the death of an insured than he or she was in prior to the death. However, the payment of a predetermined amount upon the insured's death does not make a life insurance policy a contract of indemnity.

In hospital indemnity and other health insurance plans, Coordination of Benefits is designed so that the insured cannot profit from an illness.

Recompense for loss, damage, or injuries; restitution or reimbursement.

An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be incurred by another individual. The right to indemnity and the duty to indemnify ordinarily stem from a contractual agreement, which generally protects against liability, loss, or damage.

The noun indemnity has 3 meanings:

Meaning #1: protection against future loss
Synonym: insurance


Meaning #2: legal exemption from liability for damages


Meaning #3: a sum of money paid in compensation for loss or injury

Answer 3

Insure against loss:
to provide somebody with protection, especially financial protection, against possible loss, damage, or liability.

Reimburse after loss:
to pay compensation to somebody for damage, loss, or liability incurred.

Answer 4

as above