Call Us 661.200.0325☰ ˟
Logo
  • Home
  • Get A Quote
    • AutomobileImage of right arrow
      • Auto Insurance Quote
      • Auto Quote Form (short)
    • Business & CommercialImage of right arrow
      • General Liability Quote Form
      • Business Owners (BOP) Quote Form
      • Workers Compensation Quote
    • Commercial Auto InsuranceImage of right arrow
      • Commercial Auto Insurance Quote
      • Trucking Quote Form
    • Earthquake
    • Flood
    • HomeownersImage of right arrow
      • Homeowners Insurance Quote
      • Manufactured Home Quote
      • Homeowner Flood Quote Form
    • Life
    • Motorcycle
    • Recreational Vehicle
    • Renters
    • Watercraft & Boat
  • Resources
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About FACEPOINT INSURANCE SERVICES
    • Our Locations
    • Employee Directory
    • Customer Testimonials
    • Privacy Policy
  • Contact
    • Contact Us
Icon Auto Icon Home
Icon Business
Icon Life
Icon Commercial Auto Icon Apartment Building
Home > Glossary > V

Insurance Glossary

Insurance terms and definitions from FACEPOINT INSURANCE SERVICES.


Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact FACEPOINT INSURANCE SERVICES today to learn more.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
VALUED POLICY
A policy under which the insurer pays a specified amount of money to or on behalf of the insured upon the occurrence of a defined loss. The money amount is not related to the extent of the loss. Life insurance policies are an example.

VANDALISM
The malicious and often random destruction or spoilage of another person’s property.

VARIABLE ANNUITY
An annuity whose contract value or income payments vary according to the performance of the stocks, bonds and other investments selected by the contract owner.

VARIABLE LIFE INSURANCE
A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at the policyholder’s discretion.

VIATICAL SETTLEMENT COMPANIES
Insurance firms that buy life insurance policies at a steep discount from policyholders who are often terminally ill and need the payment for medications or treatments. The companies provide early payouts to the policyholder, assume the premium payments, and collect the face value of the policy upon the policyholder’s death.

VOID
A policy contract that for some reason specified in the policy becomes free of all legal effect. One example under which a policy could be voided is when information a policyholder provided is proven untrue.

VOLATILITY
A measure of the degree of fluctuation in a stock’s price. Volatility is exemplified by large, frequent price swings up and down.

VOLCANO COVERAGE
Most homeowners policies cover damage from a volcanic eruption.

VOLUME
Number of shares a stock trades either per day or per week.


NOTICE: These glossary definitions provide a brief description of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control. Additionally, this informational resource is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company, agent or agency. If you have questions about your insurance, you should contact your insurance agent, the insurance company, or the language of the insurance policy.

Insurance Websites Designed and Hosted by Insurance Website Builder
Glossary content provided by Insurance Information Institute and ITC

Insure your needs today!
Social Social Social Social
Quick Links
Home
Get A Quote
Customer Service
Payment Options
About Us
Partners
Blog
Contact Us

Virtual Locations-Customer service is by phone, email or video conference.  

1008 W Avenue M14, Ste A/D4,
Palmdale, CA 93551
Phone: 661.200-0325  Phone: 818.322.047 
25350 Magic Mountain Pkwy., Ste 300,
Santa Clarita, CA 91354
Phone: 661.200-0325 
300 Corporate Pointe Ste 250,
Culver City, CA 90230
Phone: 562-396-0031
6101 COMPTON AVE
LOS ANGELES CA 90001
Phone: 562-396-0031
CA License# 0G49184-Due to COVID-19 all Locations are now Virtual Locations that are being services by phone, email or video conference.