2006-07-27 15:10:56 · 5 answers · asked by Painter Lady 3 in Business & Finance ➔ Insurance
Indemnity = to make good LOSSES.
double Indemenity= to make good LOSSES DOUBLY.
usually meant to be DAB Double Accident Benefit. but has got different variations in Non Life Insurance too.
2006-07-28 05:37:12 · answer #1 · answered by Jitu 2 · 1⤊ 1⤋
Double Indemnity is a clause or provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in cases of accidental death.
2006-07-27 15:21:52 · answer #2 · answered by SlapADog 4 · 0⤊ 0⤋
A clause in an insurance policy that provides for payment of double the face value of the contract in case of accidental death.
2006-07-27 15:13:02 · answer #3 · answered by ? 7 · 0⤊ 0⤋
when you have 2 identity's. its like being 2 face
2006-07-27 15:16:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You're covered regardless of who is liable.
2006-07-27 15:12:36 · answer #5 · answered by You'll Never Outfox the Fox 5 · 0⤊ 0⤋