Double Indemnity


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Double Indemnity

A term of an insurance policy by which the insurance company promises to pay the insured or the beneficiary twice the amount of coverage if loss occurs due to a particular cause or set of circumstances.

Double indemnity clauses are found most often in life insurance policies. In the case of the accidental death of the insured, the insurance company will pay the beneficiary of the policy twice its face value. Such a provision is usually financed through the payment of higher premiums than those paid for a policy that entitles a beneficiary to recover only the face amount of the policy, regardless of how the insured died.

In cases where the cause of death is unclear, the insurance company need not pay the proceeds until the accidental nature of death is sufficiently established by a Preponderance of Evidence. A beneficiary of such a policy may sue an insurance company for breach of contract to enforce his or her right to the proceeds, whenever necessary.

References in periodicals archive ?
Double Indemnity shares with other films noir common themes of criminality and guilt.
In Billy Wilder's Double Indemnity (1944), the two protagonists might be correct that they are on a ride "straight down the line" which they cannot "get off," as some of the most famous lines of the film put it, but they use this in a self-serving, self-exculpatory way (96).
The Dictaphone, for instance, is studied in Double Indemnity and the telephone in Sorry, Wrong Number.
Interestingly, to keep it simple, they made it a double indemnity product, which just doubled the face amount of the term policy.
Double Indemnity is about one such little man, Walter Huff, an insurance agent who sells what he calls "stuff" to the unsuspecting.
He examines aspects of Chandler's The Big Sleep, Cain's Double Indemnity, W.
The case was the germ for James Cain's novella, Double Indemnity, which was reworked by director Billy Wilder and writer Raymond Chandler into the 1944 film of the same name.
Niazi's movie soon turns into a double indemnity farce.
Double Indemnity might be the only film ever named for a technical insurance term (unless you count Take This Job and Shove It).
In Billy Wilder's Double Indemnity (1944), an adulterous couple plot and then carry out a crime that is meant to be understood as an accident.
Barbara Stanwyck (Phyllis Dietrichson, Double Indemnity, 1944) "I loved you, Walter, and I hated him.
This excellent six-film collection features the classic Double Indemnity along with The Bitter Tea of Colonel Yen, The Miracle Woman, The Lady Eve, Golden Boy and All I Desire.