What Does Vandalism and Malicious Mischief Insurance (VMM) Mean?
Vandalism and malicious mischief (VMM) insurance is a type of property insurance coverage that indemnifies or compensates the insured for losses arising from acts of vandalism. Most basic homeowner and commercial policies include such perils among the risks covered. It is particularly suitable for commercial buildings, schools, churches and other structures that are unoccupied or not used for long periods during the day, as they become easy targets for vandals due to the lower risk of getting caught.
It is also referred to as a vandalism endorsement.
Insuranceopedia Explains Vandalism and Malicious Mischief Insurance (VMM)
Vandalism and malicious mischief represents risks that are generally considered a single peril, or otherwise malicious or deliberate physical damage to a property. More specifically, vandalism refers to intentional defacement or damage to beautiful things, while malicious mischief is damage to utilitarian properties due to spite or hatred. Therefore, the latter was added to provide a wider form of coverage to what the former technically does not cover. Vandalism and malicious mischief insurance can also be issued as a separate endorsement to the main policy.