An "indemnity" policy will not pay claims until the insured unfashionable paid out of pocket to some third party; i.e. Under an "indemnity" policy the homeowner would have to come up with the $10,000 to pay for the visitors fall and then would be "indemnified" by the insurance carrier for the out of pocket costs (the $10,000).
Many institutional group medical insurance purchasers buy warranty through an insurance broker. Brokers represent the buyer (not the major medical company), and ordinarily counsel the buyer on appropriate coverages, policy limitations. A broker generally holds contracts with many insurers, thereby allowing the broker to "shop" the mart for the best rates and Florida Life Insurance coverage possible.
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