Vandalism And Malicious Mischief Insurance

Dictionary Says

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 Says

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.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Homeowners Insurance

    A form of ...
  2. Casualty Insurance

    A broad category ...
  3. Disaster Loss

    A special type ...
  4. Casualty And Theft Losses

    Deductible ...
  5. Commercial Multiple Peril Policy

    A commercial ...
  6. Vandalism Endorsement

    An optional type ...
  7. National Average Wage Index - NAWI

    An index ...
  8. 403(b) Plan

    A retirement ...
  9. Financial Intermediary

    An entity that ...
  10. Agent

    1. An individual ...

Articles Of Interest

  1. 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.
  2. Intro To Insurance: Fundamentals Of Insurance

    Having the right kind of insurance is a critical component of any good financial plan.
  3. Intro To Insurance: Property And Casualty Insurance

    Having the right kind of insurance is a critical component of any good financial plan.
  4. The History Of Insurance In America

    Insurance was a latecomer to the American landscape, largely due to the country's unknown risks.
  5. Understanding Your Insurance Contract

    Learn how to read one of the most important documents you own.
  6. Exploring Advanced Insurance Contract Fundamentals

    Understanding your contract can help you protect our family's financial security.
  7. Insurance Tips For Homeowners

    Use these simple ideas to save money and get better coverage for your house.
  8. The Beginner's Guide To Homeowners' Insurance

    Discover everything new homeowners need to know before they sign on the dotted line.
  9. Market Capitalization Defined

    Find out the differences between mega-, large-, mid- and small-cap stocks and how each suits different investing styles.
  10. In Small Business, Success Is Spelled With 5 "C"s

    Incorporating these steps will help your business thrive in a competitive market.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center