indemnity vs insurance

indemnity and insurance both are nouns.

Word	Noun	Adjective	Verb	Adverb
indemnity	Yes	No	No	No
insurance	Yes	No	No	No

As nouns, indemnity and insurance are synonyms defined as:

indemnity (noun)	insurance (noun)
a sum of money paid in compensation for loss or injury	written contract or certificate of insurance
legal exemption from liability for damages	promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
protection against future loss	protection against future loss