The difference between indemnity insurance and non-indemnity insurance is that the latter provides
- cover for exporters against risks
- cover for importers against risks
- full payment to the insured
-
consolation payment to the insured
The correct answer is: D
Explanation
Non-indemnity insurance tends to cover things with no real replacement value.
Indemnity means that the insured is entitled to a specific amount of compensation for a loss that is tied to a replacement, reimbursement, or fair-market value