As a general rule, the language of the agreement states that you accept the transaction indemnity as a full satisfaction of all claims. This language assures the insurance company that you will not continue to claim compensation against it for claims based on the same accident. For example, if you are injured in a car accident, you can take legal action against the insurance company of the responsible party. While some claims go as far as a trial where a judge or jury renders a verdict, it is more common for both parties to reach an agreement on their own terms before things reach the point of a formal trial. If you agree to a personal injury settlement, it often indicates the end of your case. .