A vacancy permit endorsement is a property insurance endorsement that suspends some or all of the coverage restrictions that apply to buildings that have been vacant for more than a specified time period (typically, 60 days).
A vacancy provision, found in most commercial property policies, severely restricts coverage in connection with buildings that have been vacant for a specified number of days (typically, 60 days).
The term vacant refers to a building that contains little to no furniture or other personal property. Many property provisions contain a vacancy provision that reduces or eliminates coverage when the property is vacant for a designated period of time.
Vacation liability is a motor motor home insurance coverage. It provides personal liability coverage only when the motor home is parked off public roads and while the unit is used for recreational purposes.
Value-added services are services provided in conjunction with the sale of insurance that go beyond the mere provision of insurance. The nature and quality of value-added services provided by an agent/broker or insurer are important factors for an insured in selecting between competing organizations.
Value-based care refers to a form of medical care delivery in which physicians and hospitals are compensated based on achieving positive results rather than on the sheer quantity of medical services they provide.