double indemnity

American  

noun

1. 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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double indemnity British  

noun

1. (in life assurance policies) a clause providing for the payment of double the policy's face value in the event of the policyholder's accidental death

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double indemnity Cultural  

1. A feature of life insurance policies stating that the insurer will pay twice the face value of the policy if the insured dies accidentally.

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Etymology

Origin of double indemnity

An Americanism dating back to 1920–25

Example Sentences

She was enchanted, she said, with the effect this double indemnity had on her writing.

From Los Angeles Times

It was the first payment on a forty-thousand-dollar policy that in the event of death by accidental means, paid double indemnity.

From Literature