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:The insured who suffered a loss would be entitled to…A clause that prevents the insurer from paying under…The right which an insurer has to stand in the place…The demand for payment made by the insured to the…The principle where many insurance companies join to…