May 31, 2023 | By GSB Staff | Read Time: 3 minutes | Insurance

What Is the Collateral Source Rule in Insurance?

The collateral source rule in insurance is a legal principle that plays a significant role in personal injury cases, particularly those involving health care insurance payments. Defendants may want to reduce what they owe you when you have received compensation from other sources, such as insurance, but the collateral source rule can prevent them from doing that in certain...

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May 10, 2022 | By GSB Staff | Read Time: 4 minutes | Insurance

What to Know About Double Indemnity

Double indemnity clauses stipulate that an insurance carrier agrees to pay at least double the policy limit if the policyholder dies an accidental death. Life insurance and accident policies (also known as AD&D for “accidental death and dismemberment”) often include double indemnity clauses. While these clauses can provide financial relief and other benefits in a time of grief, understanding...

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