Concierge Insurance.
From Start to Claim™
Common terms from your policies — short definitions, examples, and which coverages they relate to.
4 terms
A vacancy clause limits or excludes coverage when property has been vacant for longer than the period allowed by the policy.
Vacancy Clause is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Homeowners, Commercial Property, Dwelling Fire. For personal insurance customers, understanding Vacancy Clause can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Vacancy Clause depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Valuable papers coverage pays costs to research, replace, or restore important papers and records damaged by a covered loss.
Valuable Papers Coverage is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Commercial Property, Inland Marine. For powersports insurance customers, understanding Valuable Papers Coverage can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Valuable Papers Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Vicarious liability is liability imposed on one party for the actions of another, such as an employer for an employee acting within work duties.
Vicarious Liability is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with General Liability, Auto. For business insurance customers, understanding Vicarious Liability can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Vicarious Liability depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
Volunteer accident coverage pays certain benefits or medical expenses for volunteers injured while performing covered volunteer duties.
Volunteer Accident Coverage is an important insurance concept because it can affect how coverage is selected, priced, interpreted, or applied at claim time. In practical terms, it helps explain what the policy may do, what the insured may be responsible for, or how the insurance company may evaluate a covered situation. This term is commonly associated with Nonprofit, Special Event. For business insurance customers, understanding Volunteer Accident Coverage can make it easier to compare policies, ask better questions, avoid coverage gaps, and understand what may happen before, during, or after a claim. The exact impact of Volunteer Accident Coverage depends on the policy form, endorsements, limits, deductibles, exclusions, state law, and the facts of the loss or account.
