Insurance

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.

Have A Question About This Topic?

Thank you! Oops!
 

Related Content

Safeguard Your Digital Estate

Safeguard Your Digital Estate

If you died, what would happen to your email archives, social profiles and online accounts?

What Kind of Business Insurance Do I Need?

What Kind of Business Insurance Do I Need?

From general liability to property insurance, here are some policies a business owner may want to consider.

Just Married? A Guide to Combining Your Insurance

Just Married? A Guide to Combining Your Insurance

If you just recently married, then it may be time to take another look at your insurance policies to see where you can save money.