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Refinance and Mortgage Encyclopedia - indemnification
IndemnificationCompensation to the victim of a lossThe occurrence of the event for which insurance pays., in whole or in part, by paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments, repair, or replacementThe substitution of Health Insurance coverage from one policy contract to another.. IndemnificationTo secure against any lossThe occurrence of the event for which insurance pays. or damage, compensate or give securityThe property that will be pledged as collateral for a loan. for reimbursementThe payment of the expenses actually incurred as a result of an accident or sickness, but not to exceed for loss or damage incurred. A homeowner should negotiate for inclusion of an indemnification provisionA clause, sentence or paragraph of an insurance contract that describes or explains a feature, benefit, in a contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder with a general contractorA person who oversees a home improvement or construction project and handles various aspects such as or for a separate indemnity agreementAn agreement by the maker of the document to repay the addressee of the agreement up to the limit stated protecting the homeowner from harm, loss or damage caused by actions or omissions of the generalCoverage that pertains, for the most part, to claims arising out of the insured's liability for injuries (and all sub) contractorA general contractor is a person who oversees a construction project and handles aspects such as scheduling.
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