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
Did You Know This Fact About Damaged Property?
Damaged property during the claims process shouldn't be thrown away.
The Case of the Crooked Credit Report
Solve a mystery while learning how important your credit report is with this story-driven interactive.
The Richest Man in Babylon
In good times and bad, consistently saving a percentage of your income is a sound financial practice.