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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

Valuation

To estimate the value of a piece of property usually by considering its replacement cost or its actual cash value. Factored into the estimate is any depreciation or wear and tear.

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