Which is not a contract of indemnity?

A. Personal Accident

B. Fire

C. Marine

D. Motor

Answer: Option A

Solution(By Examveda Team)

Personal Accident is not a contract of indemnity. Type of insurance cover (such as property insurance, but not personal accident insurance) that only restores the insured to his or her original financial position. The insured cannot gain from a contract of indemnity.