double indemnity

Definition of "double indemnity"
  1. A clause found in certain accident or life insurance policies where the insurance company pledges to pay two times the policy's original amount upon the occurrence of accidental death
How to use "double indemnity" in a sentence
  1. The accidental death of the policyholder resulted in the activation of the double indemnity clause, resulting in a payout twice the original value to the beneficiaries.
  2. With a double indemnity clause in effect, the insurance company had to disburse twice the face value of the policy due to the policyholder's accidental death.
  3. The insurance policy included a double indemnity provision, promising twice the payout value in case of an accidental death of the insured person.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z