Indemnification means that an insurance company can 'step into the shoes' of the insured and sue any party whom the insured could have sued.

Name: Indemnification means that an insurance company can 'step into the shoes' of the insured and sue any party whom the insured could have sued.
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Question

Quizplus · Accepted Answer

Indemnification refers to the compensation for harm or loss, not the ability of an insurance company to sue in place of the insured. The concept described is known as "subrogation."

Indemnification Means That an Insurance Company Can 'Step into the Shoes