Viewing: V (43)

Word	Definition
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...

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