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 Night Safety?
Follow this tip to increase your children's visibility at night.
A Guide to Insuring Valuables In Your Home
Your homeowners policy may not cover certain types of valuables. Here's what you can do to stay covered.
Life Insurance Needs in Your 60s and 70s
Many older people think it's too late for life insurance. Actually, life insurance can be part of a sound financial strategy for people in their 60s and 70s as well.