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

Flood Insurance: What Homeowners Need to Know

Flood Insurance: What Homeowners Need to Know

Even if you’re not living in a “high-risk” area, here’s why you may want to consider flood insurance to protect your home or business.

Protecting Yourself & Your Home From Hurricanes

Protecting Yourself & Your Home From Hurricanes

Hurricane season is here, and it's important to be prepared. Ensure that you and your family are ready if disaster strikes and keep your loved ones safe.

Should You Tap Retirement Savings to Fund College?

Should You Tap Retirement Savings to Fund College?

There are three things to consider before dipping into retirement savings to pay for college.