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
Financial Hacks for Millennials: Don’t Get Burnt With FIRE
In recent years, a new personal finance concept has caught FIRE: Financial Independence, Retire Early.
Hindsight 2020: Use These Tips to Recover From Job Loss
Now, in the wake of 2020, millions of job-seekers are working to pick up where they left off, getting back to work and back to normal. Here are some tips for recovering from job loss today:
Side-by-Side: Insured vs. Uninsured
Here's what happens if your small business has an accident and you're not insured.