• What Are The Legal Implications Of Taking Out An Indemnity Policy?

    By Guest on 10th Aug 2015

    What are the legal implications if you take out an indemnity policy?

  • 1 Answers

    By Guest on 10/08/2015

    An indemnity policy doesn't correct whatever defect it is purchased in respect of but merely provides financial compensation should the insured party suffer a financial loss as a result of the defect. Taking out a policy usually means that the defect can't be remedied in future as any attempt to effect a remedy would invalidate the cover by increasing the risk of a claim.

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