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double indemnity
noun
: a provision in a life-insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death
Examples of double indemnity in a Sentence
Recent Examples on the Web
By that yardstick, the new-for-2022 full-electric BMW i4, especially in its red-hot M50 trim, is double indemnity.
—Jim Gorzelany, Forbes, 13 Apr. 2022
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Word History
First Known Use
1924, in the meaning defined above
Dictionary Entries Near double indemnity
Cite this Entry
“Double indemnity.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/double%20indemnity. Accessed 5 Nov. 2024.
Legal Definition
double indemnity
noun
: a provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death
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