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
When is Full Coverage Auto Insurance a Must-Have?
Do you need full coverage? Here's a bird's-eye view of this important question.
What is a Liability?
Do you know what a Liability is?
What to Do When You Lose Your Wallet
Ever lost your wallet? Frustrating. Here’s what you can do to keep yourself safe.