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

Your DNA Test

If your family relies on your income, it’s critical to know what their needs would be in the event of your death.

Assess Life Insurance Needs

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

Protecting Those Who Matter Most

The importance of life insurance, how it works, and how much coverage you need.