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- double indemnity noun a clause in a life-insurance or accident-insurance policy providing for payment of twice the face value of the policy in the event of accidental death.
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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 noun a clause in a life-insurance or accident-insurance policy providing for payment of twice the face value of the policy in the event of accidental death.
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.
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.
Double indemnity is a clause in life insurance policies that provides for the payment of double the policy's face value in the event of the policyholder's accidental death.
Double indemnity is a clause in life insurance policies that provides for the payment of double the policy's face value in the event of the policyholder's accidental death.
Jul 24, 2023 · Double indemnity is a term commonly used in insurance law. It refers to a provision in insurance policies that provides additional compensation to the policyholder or beneficiaries if the covered injury or death occurs under specific circumstances.
