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
What is Underwriting?
Do you know what Underwriting is?
Should You Have More Than One Life Policy?
Whether you need more than one life insurance policy will depend on your personal and financial situation. In this article, we explore some of the reasons one might purchase additional policies.
Did You Know This Fact About Damaged Property?
Damaged property during the claims process shouldn't be thrown away.