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
Side-by-Side: Insured vs. Uninsured
Here's what happens if your small business has an accident and you're not insured.
5 Benefits of Working in Retirement
Here are 5 reasons why you may consider working through retirement.
Teen Drinking and Your Liability
Drinking may be a “rite of passage” for teens, but when it occurs in your home you may be held responsible for their actions.