Outrageously Funny Search Suggestion Engine :: Preindemnity

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What is the definition of Preindemnity? 🙋

👉 In insurance law, a "preindemnity" is a type of liability in an accident claim. It refers to the amount that the insurance company will pay if the plaintiff has not received compensation for their damages after filing an insurance claim. The amount of the preindemnity can vary depending on the specific circumstances and the policy terms, but it generally serves as a safety net for the injured party in the event they have already exhausted all other legal remedies.


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