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.

Share |

Have A Question About This Topic?

Related Contents

Your DNA Test

If your family relies on your income, it’s critical to know what their needs would be in the event of your death.

Little-Known Homeowners Insurance Facts

Many homeowners are unaware of how much their policy may cover. This article can help you maximize your homeowners insurance.

Long-Term-Care Protection Strategies

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