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 an Adjuster?
Do you know what an Adjuster is?
How Long Can Your Business Stay Out of Business?
No business wants to flip that “Closed” sign for long, but there’s coverage for that.
What is Loss of Use?
Do you know what Loss of Use is?