Indemnity insurance

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Indemnity Insurance

An insurance policy that pays the policyholder a certain amount per day after the insured event occurs. For example, if a policyholder is hospitalized, he/she may make a claim on his/her indemnity insurance policy and receive $150 per day. Thus, indemnity insurance does not cover specific expenses, but rather provides a flat fee. It is useful as a supplement to primary insurance because indemnity insurance may not provide enough to cover the policyholder by itself.

Indemnity insurance.

An indemnity insurance policy pays up to a fixed amount when you make a claim, often on a per-day basis.

The premiums on health insurance indemnity plans may be lower than on other heathcare plans, but the fixed payments may cover only a portion of your medical bills.

Some people use indemnity plans as supplements to, rather than substitutes for, more comprehensive health insurance. Others use low-cost indemnity plans for short-term coverage.

References in periodicals archive ?
NZNO's indemnity insurance policy covers caregivers in their work, as well as registered nurses and other registered health practitioners.
Other problems that indemnity insurance can help solve include those relating to lost documents, issues of access, poorly-worded legal documents, restrictive covenants or even properties built on unmade roads.
Fee for Service: also known as indemnity insurance, is the traditional method that doctors and other health care providers use to set their fees for each procedure or service they perform.
Professional Indemnity Insurance in South Africa is a report about the South African market for and distribution of policies covering professional liability.
Braun continued: Many professional bodies have already made the purchasing of Professional Indemnity insurance obligatory because often their members are in advisory positions and are therefore exposed to high liability risk.
All employees, whether in the private or public sector, are covered by their employer's indemnity insurance and there should not be any need for you to take out this type of insurance.
The second option is to obtain indemnity insurance, in a similar way as though you were purchasing with a mortgage.
ATMS naturopathy members need to hold a Diploma of Naturopathy, current professional indemnity insurance of a minimum of $1 million and current senior first aid.
All NZNO members overseas have indemnity insurance and receive Kai Tiaki Nursing New Zealand.
The Halifax is hoping to attract a bigger share of the home loan market by abolishing mortgage indemnity insurance charges for borrowers applying for the majority of loans.
would provide Medicare supplement and hospital indemnity insurance.
But when he tried to sue, he found the architect had no indemnity insurance.