Phrases with «indemnity rider»

An indemnity rider is a clause or addition to an insurance policy that provides additional protection or coverage for specific risks or events that may occur. It helps to financially safeguard the policyholder by compensating them for any losses or damages incurred beyond the regular coverage of the insurance policy. Full definition

Sentences with «indemnity rider»

  • Sometimes referred to as double indemnity riders / policies, the payout may be double the face amount of the death benefit. (protective.com)
  • are also referred to as double indemnity or triple indemnity riders on life insurance. (policybazaar.com)
  • Accidental death riders are also referred to as double indemnity or triple indemnity riders on life insurance. (policybazaar.com)
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