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What is Indemnification?  Insurance policies are contracts of indemnity. Well just what is indemnification? The word "Indemnify" is defined as to secure against loss, damage, or hurt or to compensate for loss, damage or hurt. Therefore, in insurance, a policy insures that the insurer will indemnify the insured against specific loss, damage, or hurt. This policy may cover all sorts of loss including loss of life, loss or damage of property such as house or car, and more.

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