lock Log in / Create an account
Canadian Maple Leaf Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Mortgage Services Rates & Tools Library & Statistics Contact Us Mortgage News Apply Online

Search the Glossary


GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

Alphabetical Index   |   Categories   |  
Tagged Terms
How often this word is used
 
^
38% - Moderately

Vandalism and Malicious Mischief Coverage


Synonyms:gangster insurance
Filed Under: insurance
Tags: insurance
 

Definition of vandalism and malicious mischief coverage

vandalism and malicious mischief coverage
1. A type of insurance coverage included in some property insurance policies that provides protection from losses due to the acts of vandals. Vandalism and malicious mischief insurance is important for property that is not occupied for long periods of time, such as vacation homes, churches, or schools. Also known as "vandalism and malicious damage coverage" or as a "vandalism endorsement."


Related Terms and Acronyms:

  • business crime insurance   Insurance that covers losses due to criminal acts perpetrated by customers or employees.
  • business insurance   An umbrella term for insurance that covers various losses that may arise due to the operation of a business.
  • commercial blanket bond   Insurance that covers losses to businesses due to different forms employee fraud, such as embezzlement and forgery.
  • homeowners insurance   A policy that includes hazard coverage, covering loss or damage to property and/or assets located within, as well as coverage for personal liability and theft.
  • property insurance   Insurance that provides coverage for damages to property from a number of perils.
  • valuable papers insurance   Insurance that covers damages to valuable papers such as property deeds or wills.

Search the Glossary

Current Canadian Rates
For the best rate information in Canada, make use of our up to date interest rate comparison chart. Our brokers are not even remotely afraid of advertising our competitor's rates because we know how we stack up.
Best Current Rate Information
 
Try Our Mortgage Calculator
Do you ever doubt the mortgage advice your bank manager gives you? You'd better, because they're looking at their own bottom line when they tell you to refinance and lock in for longer. Use our mortgage calculator to examine their claims, and find out if what they say is really in your best interest.
Calculator
 
Mortgage Rates
Mortgage rates have been so low for so long that it might be hard to remember a time when they weren't low, but if you use our rate history page, you can look back and see how things have changed over the years.
Mortgage Rates