Florida Auto Insurance Definition: Indemnification

The word indemnify refers to the security against a damage or a loss or. It also means to compensate for a loss or damage or a hurt. When it comes to a car insurance policy, indemnification means that the insurance company will indemnify the policyholder against the damage or loss or hurt. The indemnity policy may cover all types of loss such as the loss to property, loss to life or injuries in car accident.

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