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

What is Blanket Coverage?

What is Blanket Coverage?

Do you know what Blanket Coverage is?

Debt Stress

Debt Stress

There’s a link between debt and stress.

The Best of Both Worlds

The Best of Both Worlds

Here are a few reasons we’ve chosen to be independent.