The Florida Insurance Glossary, designed to help Florida residents better understand the terms used.
Valued Policy: An insurance contract that requires the insurer to pay full face value of the policy in the event of a
total loss regardless of the actual cash value of the property.
Vandalism: A peril that is covered under the comprehensive or other than collision coverage on the auto insurance
policy.
Vehicle Identification Number (VIN): A unique 17 letter/digit combination number assigned to every motor
vehicle.
Vicarious Liability: When one person or entity is responsible for another e.g. a parent and child.
Void: Term used to describe a rescission of a policy from inception.
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Florida Insurance Glossary Terms "V" Florida Auto Plus Insurance Agency - "Lower your Florida car insurance cost for life"
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