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

If a Tree Falls

This handy video helps you stay prepared in case a fallen tree has damaged your house.

Understanding the Basics of Medigap Policies

Important as it is, Medicare does not cover the full range of health-care expenses you may experience in your golden years.

Long-Term-Care Protection Strategies

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