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

Coaches

Coaches have helped you your whole life, in ways big and small. We’d like to be one of them.

Assess Life Insurance Needs

How to help determine life insurance needs to provide for your family after you pass away.

Long-Term-Care Protection Strategies

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