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

The Basics of Medicare

The Basics of Medicare

Learn all about Medicare basics in this informative and insightful article.

The 5 Roles Life Insurance Can Play in Retirement

The 5 Roles Life Insurance Can Play in Retirement

Life insurance can support your retirement strategy with emergency cash, loan options, and added confidence.

Three Business Auto Coverage Gaps

Three Business Auto Coverage Gaps

Running a business with vehicles? These three coverage gaps could leave you exposed. Here's what you need to protect it.