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
When Does Your Personal Car Become a Commercial Vehicle?
At what point can you call a personal vehicle commercial?
How Your Credit May Affect Your Life Insurance Premiums
This article is perfect for helping you explore the surprising connection between your credit score and life insurance costs.
What to Look for in Personal Finance Apps
An increasing number have been developed to help individuals with their personal finances.