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 Fire Extinguishers?
How often should you check your fire extinguishers? Do you know?
What Kind of Business Insurance Do I Need?
From general liability to property insurance, here are some policies a business owner may want to consider.
Should You Sell Your Life Insurance Policy?
Here’s what you need to know if you’re considering selling your life insurance policy.