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What is a indemnity letter?

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What is a indemnity letter?

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  1. im not sure what an indemnity letter is exactly but INDEMNITY means in insurance terms 'to place someone in the same financial position as they were before, without loss', eg. if you were to insure your car and you alloy wheels got stolen, the insurance company would replace your wheels like for like or to the same value as the one's that were stolen putting you back in the same financial position as you were before they were stolen.

    Hope that makes sense xx

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