A provision that some or all of the benefits under a policy will be increased by a stated multiple, such as 100% or 200%, in the event that a peril occurs in a specified way, e.g., double indemnity on Life Insurance for accidental death.
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A formal statement made by the Insured to the Insurance Company regarding a loss. The purpose of the proof of loss is to place before the Company sufficient information concerning the loss, to enable it to determine its liability under the policy.