What is an indemnity basis? 21 February 2023 17:16 If your equipment is being replaced on an indemnity basis a deduction is made for wear and tear. Related articles What if my equipment if more than 3 years old? What is evidence of ownership? Can I change my policy mid-term? Do you cover one off events or gigs? Am I covered if I drop a piece of equipment, and it no longer works/performs as it should?
