Vandalism And Malicious Mischief Insurance

AAA

DEFINITION of 'Vandalism And Malicious Mischief Insurance'

A type of insurance coverage that protects against losses sustained as a result of vandals. Vandalism and malicious mischief insurance is included in most basic commercial and homeowner policies. It is important for properties that are not occupied during well-known periods of the day, such as with churches and schools. While these structures are unoccupied, they become targets by vandals because the vandals know there is reduced risk of being caught.

INVESTOPEDIA EXPLAINS 'Vandalism And Malicious Mischief Insurance'

This coverage typically carries a higher deductible for properties that are known to be unoccupied for certain hours of the day due to the risk and frequency of loss (such as churches and schools). Vandalism and mischief is described as the intentional injury or destruction of property. Vandalism and malicious mischief can be written as an endorsement to standard policies, such as the standard fire policy, in the event that the policy requires a separate endorsement for this type of coverage.

RELATED TERMS
  1. Vandalism Endorsement

    An optional type of coverage that can be added to a basic hazard ...
  2. Commercial Multiple Peril Policy

    A commercial insurance policy that offers at least two forms ...
  3. Casualty And Theft Losses

    Deductible losses stemming from the loss or destruction of the ...
  4. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty ...
  5. Homeowners Insurance

    A form of property insurance designed to protect an individual's ...
  6. Casualty Insurance

    A broad category of coverage against loss of property, damage ...
RELATED FAQS
  1. No results found.
Related Articles
  1. Insurance

    Insurance Tips For Homeowners

    Use these simple ideas to save money and get better coverage for your house.
  2. Insurance

    Understanding Your Insurance Contract

    Learn how to read one of the most important documents you own.
  3. Home & Auto

    The Beginner's Guide To Homeowners' Insurance

    Discover everything new homeowners need to know before they sign on the dotted line.
  4. Home & Auto

    Exploring Advanced Insurance Contract Fundamentals

    Understanding your contract can help you protect our family's financial security.
  5. Home & Auto

    The History Of Insurance In America

    Insurance was a latecomer to the American landscape, largely due to the country's unknown risks.
  6. Home & Auto

    The Importance Of Property Insurance

    Property insurance is important, but there's a lot you need to learn in order to get the proper coverage.
  7. Insurance

    What Happens If Your Insurance Company Goes Bankrupt?

    When insurance companies go bankrupt or face financial difficulty, it's bad news for policy holders.
  8. Insurance

    Which States Have the Cheapest Home Insurance?

    You can't choose where you live by its insurance rates. But if you did, these are the states to pick.
  9. Insurance

    How to Use a Waiver of Subrogation

    A waiver of subrogation means that a party to a contract waives the right to allow someone (usually an insurance company) to sue the other party to the contract in case of a loss.
  10. Insurance

    Does That Dental Insurance Have Cavities?

    Four key factors to check out before you just sign up for dental insurance. The coverage could be really worth it – or not.

You May Also Like

Hot Definitions
  1. Prepaid Expense

    A type of asset that arises on a balance sheet as a result of business making payments for goods and services to be received ...
  2. Gordon Growth Model

    A model for determining the intrinsic value of a stock, based on a future series of dividends that grow at a constant rate. ...
  3. Cost Accounting

    A type of accounting process that aims to capture a company's costs of production by assessing the input costs of each step ...
  4. Law Of Supply

    A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity ...
  5. Investment Grade

    A rating that indicates that a municipal or corporate bond has a relatively low risk of default. Bond rating firms, such ...
  6. Fringe Benefits

    A collection of various benefits provided by an employer, which are exempt from taxation as long as certain conditions are ...
Trading Center