Insurance

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.

Share |

Have A Question About This Topic?

Thank you! Oops!

Related Content

Healthcare Costs in Retirement

Healthcare Costs in Retirement

Without a solid approach, health care expenses may add up quickly and potentially alter your spending.

Tax-Advantaged Retirement Planning

Tax-Advantaged Retirement Planning

Reduce your tax liability in retirement.

Creating your stream of guaranteed retirement income

Creating your stream of guaranteed retirement income

Your life doesn't stop when your career does. The one thing you don't want to stop, is your paycheck.