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 My Current Cash Flow?
Assess whether you are running “in the black” or “in the red” each month.
Unexpected Collectors: Protecting Your Passion
Whether you meant to be a collector or not, your prized possessions need to be protected.
An Overview of Renter’s Insurance
Don’t overlook the need for renter’s insurance if you rent your home.