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.
Related Content
Did You Know This Fact About Damaged Property?
Damaged property during the claims process shouldn't be thrown away.
How Liability Coverage Protects Your Business
Protect your business by understanding the importance of liability insurance and how coverage works.
How Your Credit May Affect Your Life Insurance Premiums
This article is perfect for helping you explore the surprising connection between your credit score and life insurance costs.