What does Vandalism and Malicious Mischief Insurance mean? Read on to discover the definition & meaning of the term Vandalism and Malicious Mischief Insurance - to help you better understand the language used in insurance policies.
Vandalism and Malicious Mischief Insurance
Vandalism and malicious mischief (VMM) insurance is a type of property insurance coverage that indemnifies or compensates the insured for losses arising from acts of vandalism. Most basic homeowner and commercial policies include such perils among the risks covered. It is particularly suitable for commercial buildings, schools, churches and other structures that are unoccupied or not used for long periods during the day, as they become easy targets for vandals due to the lower risk of getting caught.
We hope the you have a better understanding of the meaning of Vandalism and Malicious Mischief Insurance.