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
Insurance Needs Assessment: When You're Newly Married
Marriage changes everything, including your insurance needs.
Life Insurance for Young Adults
Getting life insurance before 40 is more common than you think—and it can be a smart choice for many people.
Succeeding at Business Succession
There are a number of reasons for business owners to consider a business succession plan sooner rather than later.