NOTE:  All definition are from the Insurance Bureau of Canada


VACANT BUILDING - A building with no occupants or furnishings.

VALUATION - Appraisal estimation of the value of an  item.

VALUE POLICY - A policy which provides that a special amount shall be paid in the event of a total loss of the property.

VANDALISM AND MALICIOUS MISCHIEF - The wilful injury or destruction of property. Insured against by the extended coverage endorsement of a property insurance policy.

VEHICLE IDENTIFICATION NUMBER (VIN) - Liability imposed upon a person even though not a party to a particular occurrence, e.g., the owner of a motor vehicle is vicariously responsible for injuries even though he is not driving the car at the time of the occurrence.

VOID - 1) Invalid, not legally binding. 2) An insurance contract that is prohibited by law and thus cannot be held to be a valid contract.

  • We came back from London last Thursday night. Our daughter Anna had settled in London now and very anxious about her new school life. I want to thank you for introducing Fred to us for Anna's insurance. He was super helpful (day and night) that made me feel so easy to get things going as we travel.