period of indemnity


The time period during which benefits are paid out to replace a portion of lost income under an insurance policy (e.g., disability or business interruption insurance). Such insurance policies have a specified maximum period of indemnity following a covered incident. Payments cease after the indemnity period is up even if the disability or business interruption persists.

Use period of indemnity in a sentence

You should try and make sure that you are coming up with a solution when you are in the period of indemnity.

​ Was this Helpful? YES  NO 6 people found this helpful.

The period of indemnity was an important event for the recently injured worker who was reliant on the insurance to pay.

​ Was this Helpful? YES  NO 4 people found this helpful.

After my brother was in a serious car accident, he was shocked to learn that his company's insurance policy would only provide him with a period of indemnity lasting one year.

​ Was this Helpful? YES  NO 7 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
period of digestion period of qualification