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You are in Learn Insurance > Glossary     A     B     C     D     E     F     G     H     J     K     L     M     N     O     P   Q   R     S   T   U     V     W   X Y Z   If the word you are looking for is not available here; please feel free to contact us.       Indemnity     Insurable Interest     Insurance     Interim Payment   Indemnity This is the term used to indicate that after a loss the Insured should be placed in the same financial position as he was in, immediately prior to the loss and he should not stand to gain after the loss.

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