double indemnity
- 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
- 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.
- 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.
- The insurance policy included a double indemnity provision, promising twice the payout value in case of an accidental death of the insured person.
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