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GLOSSARY

 GLOSSARY TERMS by Alpha
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Vacant property
Valuable papers coverage
Valuation
Valued policy
Valued policy law
Vandalism and malicious mischief
Vanishing premium policy
Variable death benefit
Variable Life Insurance
Verbal threshold
Vested commissions
Viatical Settlement
Vicarious liability

Verbal threshold

Term in no-fault auto insurance, applicable in some states, which states that victims are allowed to sue in tort only if their injuries meet certain verbal descriptions of the types of injuries that render one eligible to recover for pain and suffering.

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