Common use of Double Indemnity Clause in Contracts

Double Indemnity. The Company will pay two times the amount applicable if such loss of life occurs while the Insured Person is riding in or on, including boarding or alighting from, any public conveyance operated under a license for the conveyance of passengers for hire or any vehicle owned or leased by a school authority. In no event will the liability of the Company exceed two times the Accidental Death benefit.

Double Indemnity. The Company will pay two times the amount applicable if such loss of life occurs while the Insured Person is riding in or on, including boarding or alighting from, any public conveyance operated under a license for the conveyance of passengers for hire or any vehicle owned or leased by a school authority. In no event will the liability of the Company exceed two times the Accidental Death benefit.. It is further understood and agreed that DISMEMBERMENT AND SPECIFIC LOSS INDEMNITY of this policy is amended to read as follows effective September 1, 2014: