Insurance

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.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Ways to Supplement Your Medicare Coverage

Ways to Supplement Your Medicare Coverage

There are numerous ways to supplement your Medicare insurance coverage. This article helps you explore your options.

Money Draining Food Myths

Money Draining Food Myths

These food myths will really put a drain on your wallet.

Totaled: The Cost of Cars and Your Limits

Totaled: The Cost of Cars and Your Limits

More cars than ever are now totaled after an accident. Here's what that means for your coverage. And your loan.