| Vacancy |
Refers to a building which is unfurnished and not being used as a dwelling or for business. However,... |
| Vacancy or Unoccupancy Permit |
An endorsement added to a property policy by the insurer which permits or agrees to continue coverag... |
| Vacant Building |
A building with nothing in it. If the furniture is in the building and the owner intends to return, ... |
| Validation Period |
With respect to life insurance, it is the time it takes for the premium on a policy to cover the com... |
| Valuable Papers and Records Insurance |
Provides coverage for the replacement of a commercial operation's valuable papers, records and f... |
| Valuation |
The act of determining the worth (or value) of an item of real or personal property most often done ... |
| Valuation Method |
The method used by an appraiser or a claims adjusters to determine or establish value of an item of ... |
| Valuation of Loss |
The method used to determine or establish the value of an item of real or personal property at the t... |
| Valuation Premium |
A life insurance term. It is the amount of the premium that is set aside for state mandated reserves... |
| Value at Risk or VaR |
A new measurement concept used in risk management. It describes determining a worst-case scenario re... |
