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
Rental Car Insurance: To Buy or Not to Buy
Before you buy insurance for your car rental, make sure you know what it covers. Find out the pieces of a car rental policy, and whether your regular auto coverages already have it.
Choosing Between Term and Whole Life Insurance
Confused about Term or Whole Life Insurance? Discover how they work and, most importantly, how they can work for you.
6 Tips to Help You Prepare for Natural Disasters
Disaster can strike at any time. These six tips can ensure you’re prepared when it does.