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
Assess Life Insurance Needs
How to help determine life insurance needs to provide for your family after you pass away.
5 Things You Need to Know to Buy Life Insurance
Shopping for life insurance can be confusing. Choose the plan that is best for you and your family with these top five considerations.
Universal Life Insurance
Universal life insurance is permanent insurance with a flexible premium. Here's how it works.