in

What does “Indemnity” mean in “Protection and Indemnity”?

Compensation for club members who have paid sums paid claims covered by the club. The club will only reimburse a member who has first paid a claim.

What do you think?

138 Points
Upvote Downvote

Written by Ship Inspection

Leave a Reply

What is P&I cover?

What does “Protection” mean in the term “Protection and Indemnity”?