Insurance

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.

Have A Question About This Topic?

Thank you! Oops!

Related Content

Annuity Comparison

Annuity Comparison

This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.

Money Draining Food Myths

Money Draining Food Myths

These food myths will really put a drain on your wallet.

COBRA Coverage

COBRA Coverage

Curious about alternate insurance options? This article will help you learn the basics of COBRA coverage.