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Apr 13, 2022 · The meaning of DOUBLE INDEMNITY is a provision in a life-insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death.
Double Indemnity Explained. Double indemnity is a contract provision that is typically found in life insurance and accidental death insurance policies. This is a type of life insurance that mandates that carriers pay up to twice the amount of the face value of an insurance contract if the insured (or policyholder) dies as a result of an accident.
Double indemnity is a term that often pops up in the context of insurance policies, particularly life and accident insurance. Simply put, it refers to a special clause that promises to pay out double the amount of the insurance policy if the insured person dies due to an accident.
Mar 30, 2022 · As such, what we are calling the ‘double indemnity’ of feedback is partly informed by the participants’ dual and conflicted experiences as a learner and teacher but also by losses of innocence, optimism and sense of efficacy they experience as part of their development within the moral economies of feedback.
Double indemnity is a legal clause in an insurance policy that provides for the payment of double the face value of the policy in the event of accidental death.
Jun 9, 2023 · What Does Double Indemnity Mean? Double indemnity is a clause in a life insurance policy that states the insurance company will pay twice the amount of money stated in the standard life insurance contract if the death of the insured results from an accident.
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a statement in an insurance agreement in which the company agrees to pay twice the usual amount if a person dies in an accident: Coverage was doubled to $200,000 because the death was accidental and subject to a double indemnity provision.
