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
Short Term vs. Long Term Disability Insurance
From covering broken bones to chronic illness, here's what you need to know when it comes to your disability insurance options.
The Right Time to Buy an Annuity
Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.
Did You Know This Fact About Basement Flooding?
A simple precaution can help prevent basement flooding.