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What kind of field do you use "indemnify"?
and is it different from damages?
and is it the linsurance term.

2006-12-25 12:39:33 · 5 answers · asked by Anonymous in Business & Finance Insurance

5 answers

Indemnify means, to reimburse for damages.

Damages are what the courts say you must pay. Damages usually means "dollar amount".

If you have a policy that says the insurance company will INDEMNIFY you, technically it means, you have to pay the dollar amount out first, and they'll reimburse you. It's typical on professional liability policies.

Yes, it's an insurance term.

2006-12-25 15:00:53 · answer #1 · answered by Anonymous 7 · 0 0

It means you will accept responsibility for the misdeeds of another. (trying to think of an example)

You want me to paint your house -- your neighborhood association has specific rules as to what colors it can be painted and how it must be done.

Before accepting the job, I might ask you to indemnify me against any work that I did, as long as that work was according to your instructions. If you tell me that you want your house painted hot pink, and I do so, the neighborhood association cannot sue me because it was actually me who did the painting. If they have issues with the color, you have agreed to take responsibility for that.

If you asked me to paint it tan, and I painted it hot pink instead, then you could still sue me for not following your instructions, and include in the damages any fines the neighboorhood association levied on you, but the neighborhood association itself could not sue me if you agreed to idemnify me against the actions of others.

2006-12-25 12:51:36 · answer #2 · answered by Joe B 3 · 0 0

actual, i think of that the theory that ghosts are constrained to a area is between the numerous time-honored myths approximately them. i think of that "ghosts" who're constrained to precise places are ones we ought to constantly be finding for organic motives. specific, i think its available for a spirit to desire a place, very comparable to its available for a individual to desire a place, despite the fact that, i do no longer think of there is something to limit them, anymore than us. First, its time-honored to label something as a haunted residing house or development, or area if any interest has been sensed there. despite the fact that, if I observed you in a development, could I be precise to label that development as your residing house of residing? What if it grew to become into Walmart? No, of direction no longer. 2nd, human beings constantly seek for somebody who died on the premises and supply the ghost a recognition, despite if there's no data to connect the ghost with individual who died. lower back, this is basically enjoying into the time-honored myths approximately spirits. 0.33, remember there at the instant are no in many situations going on rules for certainly one of those stuff. Somepeople say one ingredient, others say yet another, and maximum of what all of us know is hoaxes and hollywood movies. in my view i think of in case you desire to understand the mystical, you ought to erase each and every of the time-honored concepts, and think of exterior the field.

2016-11-23 17:04:30 · answer #3 · answered by ? 4 · 0 0

Insurance, definately.

2006-12-25 16:33:10 · answer #4 · answered by Joey D 2 · 0 0

Insurance.
Indemnification is to restore something to its condition prior to an accident or loss.

2006-12-25 12:43:53 · answer #5 · answered by jerry 5 · 0 0

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