Is Indemnity The Same As Insurance. Trustee indemnity insurance exists to give protection and peace of mind to the directors and officers of all sorts of charities and other organisations, and should always be considered as part of your charity insurance policy. Policies usually contain another insurance principle to prevent an insured from receiving full payment from two different insurance policies for the same claim.
[ 1] “indemnity” is a general principle of insurance. The idea is that if the value of the property falls beneath 75% of the original valuation for any reason the insurance will pay out. Many professionals can get by with a standard indemnity insurance policy.