Insurance indemnity (payout)
Insurance indemnity is a monetary payout by the insurer to the insured (or the beneficiary) upon the occurrence of an insured event. It is determined by the amount of the loss within the sum insured, less the deductible.
To obtain indemnity, a claim is filed with supporting documents (report, photos, survey, commercial documents). Disputed cases are resolved according to the terms of the policy.
We will help you document the loss and support the payout.
Related terms
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