An agreement by the insurer to compensate the insured for losses suffered is? by Sunday | Dec 16 | Commerce JAMB | 0 comments A. policy B. surrender value C. caveat emptor D. indemnity Correct Answer: Option D – indemnity Users Also Read These:Payment made to the insured by the insurer outside…The insured who suffered a loss would be entitled to…The insurance principle which expects the insured…The amount which the insured pays the insurer…The right which an insurer has to stand in the place…