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Indemnity
Contract of indemnity does not cover loss occassioned by 1. An accident not caused by an accident 2. By act of God / Natural event I know example of 2nd point can be earthquake. What is an example of the 1st point?
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Aman Mahajan
CA Inter
★ 18K+
26-Feb-21 19:21
21
Answers (2)
*accident not caused by any person
26-Feb-21 19:22
It could be accidental loss by say fire, heavy rain, hurricane etc. which is not attributable to any person. It's more like a natural accident.
Sahibdeep Singh
Moderator
27-Feb-21 10:35
