double indemnity definition

  • noun:
    • A clause in insurance coverage that provides for repayment of double the face worth of the agreement in the event of accidental demise.
    • A clause in insurance coverage where the insurance carrier agrees to spend double the normal coverage in certain specified circumstances, most frequently in case of accidental demise
    • a clause in an insurance policy that provides for double the face value of the insurance policy when it comes to accidental death

Related Sources

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