Period Of Indemnity

Filed Under » ,
Dictionary Says

Definition of 'Period Of Indemnity'

The length of time for which benefits are payable under an insurance policy. Also used to denote the time period for which indemnity or compensation is payable under a business interruption policy. The period of indemnity is usually the most critical component of quantifying the business interruption loss.
Investopedia Says

Investopedia explains 'Period Of Indemnity'

For example, if a disability policy provides for six months of income in the event of an accident, the period of indemnity would be six months. An extended period of indemnity endorsement in a business interruption policy provides insurance coverage for loss of income for a specified period after the damaged property has been repaired and business has reopened.
Search results for

'Period Of Indemnity'

  • Intro To Insurance: Long-Term Care Insurance | Investopedia

    http://www.investopedia.com/university/insurance/insurance6.asp
    ... location of the care, the daily benefit amount, the elimination period, the time
    frame ... Most are known as "indemnity", "expense incurred", or "cash" policies. ...
  • Let Life Insurance Riders Drive Your Coverage

    http://www.investopedia.com/articles/pf/07/life_insurance_rider.asp
    ... insurance coverage along with your base policy in the stated period without the ... 3.
    Accidental Death or Double Indemnity Rider This rider pays out an additional ...
  • Protect Your Company From Employee Lawsuits

    http://www.investopedia.com/articles/pf/07/employer-liability.asp
    ... the employer reported and of which it was aware during the coverage period. ... a fixed
    percentage (typically 50%) of the potential defense or indemnity costs that ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links