Vermin Exclusion

Dictionary Says

Definition of 'Vermin Exclusion'

A provision of a property insurance policy that states that the policy will not pay benefits to the policyholder for damage caused by pests - such as lice, fleas, roaches, bed bugs and rodents. Insurance companies commonly consider pest control to be part of ongoing maintenance, and do not view infestation as a peril to be insured against. Even if a policy does not have a vermin exclusion, the policyholder may find it difficult to prove the damage and loss caused by the vermin.

Investopedia Says

Investopedia explains 'Vermin Exclusion'

Vermin exclusions can be troublesome for property owners when the business that operates on the property is a restaurant, pet store or rental housing or other operation that is known to attract pests. Vermin will generally not limit their occupancy to the area that initially attracted them, but tend to spread throughout the entire property. Vermin are difficult and costly to get rid of and pose liability issues for the property owner.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. War Exclusion Clause

    A clause in an ...
  2. Named Perils Insurance Policy

    A home insurance ...
  3. Against All Risks - AAR

    An insurance ...
  4. Business Risk Exclusion

    A type of ...
  5. Water Exclusion Clause

    A restriction in ...
  6. National Average Wage Index - NAWI

    An index ...
  7. 403(b) Plan

    A retirement ...
  8. Financial Intermediary

    An entity that ...
  9. Agent

    1. An individual ...
  10. Guaranteed Investment Contract - GIC

    Insurance ...

Articles Of Interest

  1. Estate Planning: Life Insurance In Estate Planning

    Deciding what will happen to your assets when you pass away is a must - no matter how wealthy you are.
  2. Top 7 Estate Planning Mistakes

    Many people try to avoid this process altogether, making things difficult for heirs.
  3. Getting Started On Your Estate Plan

    With some preparation, you can save your heirs from paying a hefty estate tax. Here are some tips.
  4. How To Avoid Taxation On Life Insurance Proceeds

    Decrease the value of your taxable estate and prevent the tax man from getting you one last time.
  5. Market Capitalization Defined

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

    Incorporating these steps will help your business thrive in a competitive market.
  7. Retirement Savings Tips For 35- To 44-Year-Olds

    Learn how the "sandwich generation" can save for retirement while taking care of their kids and parents.
  8. Is Loan Protection Insurance Right For You?

    This coverage can keep you from defaulting on your loans when you're in financial trouble.
  9. Selecting And Managing Insurance Payouts

    Find out which settlement option is right for you before you recieve your funds.
  10. Will Filing An Insurance Claim Raise Your Rates?

    An accident can mean higher insurance costs - even if it wasn't your fault.

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