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What's the difference between Reimbursement and indemnity?

(2 posts)
  1. dhrove

    junior member
    Joined: Jun '09
    Posts: 9

    Posted 5 years ago #
  2. Pooja

    Joined: Jun '09
    Posts: 31

    Under the indemnity, once you are eligible to receive benefits, the company will pay you the amount specified in the policy, regardless of the cost of service. Under the reimbursement method, the insurer will pay all or a portion of the actual expenses you incur, up to the maximum stated in the policy.

    Posted 4 years ago #



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