Legal Dictionary

Indemnify

To compensate for losses or damages. Examples: An insurance policy may indemnify a policy holder against losses like fire, theft, or property damage.

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  • $1,600,000: Car Rollover
  • $3,000,000: Insurance Bad Faith Claim
  • $500,000: Tow-Truck Operator Struck and Killed
  • $4,000,000: Accidental Dismemberment
  • $225,000: Auto Accident
  • $640,000: Accidental Electrocution
  • $900,000 Auto Accident
  • $250,000: Defective Product

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