Vandalism And Malicious Mischief Insurance

What Does Vandalism And Malicious Mischief Insurance Mean?

Vandalism and malicious mischief (VMM) insurance is a type of property coverage that compensates the insured for losses resulting from acts of vandalism. Most basic homeowner and commercial policies include this coverage as part of the risks they protect against. It is particularly useful for commercial buildings, schools, churches, and other structures that are unoccupied or not in use for long periods, as these properties are more vulnerable to vandalism due to the lower likelihood of the perpetrators being caught. Churches and similar organizations that sit empty most of the week often pay more for this exposure, which is one of the factors broken down in the cost of church insurance.

This coverage is also known as a vandalism endorsement.

Insuranceopedia Explains Vandalism And Malicious Mischief Insurance

Vandalism and malicious mischief represent risks that are typically considered a single peril, encompassing malicious or deliberate physical damage to property. More specifically, vandalism refers to intentional defacement or damage to aesthetically valuable items, while malicious mischief involves damage to utilitarian properties driven by spite or hatred. A common example is a broken window, which homeowners policies will generally cover under this peril. Malicious mischief was included to offer broader coverage, as it extends protection beyond what vandalism typically covers. Vandalism and malicious mischief insurance can also be issued as a separate endorsement to the main policy.