What is a Loss?

Loss

[los]

noun

1.

A Loss is an injury or damage that is covered by an insurance Policy. Losses can be partial, like when wind damages part of a roof, or total, as when an automobile is “totaled” in a collision.

Share |

Have A Question About This Topic?

Related Contents

The Other Sure Thing

Though we don’t like to think about it, all of us will make an exit sometime. Are you prepared?

What is a Dwelling Fire Policy?

Do you know what a Dwelling Fire Policy is?

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.