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 Determines Car Insurance Rates?
Learn about the factors used to create car insurance quotes in this educational article.
Did You Know This Fact About Flood Damage?
Prevent major flood damage with this tip.
Gap Insurance for Leased Cars
If you’re thinking of leasing a new car, then you shouldn’t forget about gap insurance.