insurance vs indemnity

insurance and indemnity both are nouns.

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

As nouns, insurance and indemnity are synonyms defined as:

insurance (noun)	indemnity (noun)
written contract or certificate of insurance	a sum of money paid in compensation for loss or injury
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	legal exemption from liability for damages
protection against future loss	protection against future loss