Daily Indemnity definition
Daily Indemnity means one-thirtieth of one percent (1/30 of 1%) of the Insured Person's Principal Sum, subject to a maximum monthly indemnity of two thousand and five hundred dollars ($2,500).
Daily Indemnity means one-thirtieth of one percent (1/30 of 1%) of the Insured Person's Principal Sum, subject to a maximum monthly indemnity of two thousand and five hundred dollars ($2,500). The amount payable under this section will be co-ordinated with any amount which is paid or payable for a same or similar benefit provided under any other contracts issued to the Policyholder by the Insurer.
Examples of Daily Indemnity in a sentence
Skuld Syndicate 1897 Limits: Daily Indemnity - varies from $17,000 to $50,000 per vessel schedule.