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Meaning of double indemnity

Source language: EnglishDictionary language: English

double indemnity

noun

Definitions

  1. A clause in an insurance policy in which the insurance company agrees to pay out double the normal coverage in certain specified circumstances, most often in case of accidental death

Sources:https://en.wiktionary.org/wiki/double%20indemnity

Related words

indemnificationindemnityinsurancecoinsurancelife assuranceindemnity costsexcessindemnitee