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
What is Risk?
Do you know what Risk is?
Did You Know This Fact About Damaged Property?
Damaged property during the claims process shouldn't be thrown away.
Personal Finance Tips for Military Families
Military families face unique challenges, making personal finance even more critical.