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
When Does Your Personal Car Become a Commercial Vehicle?
At what point can you call a personal vehicle commercial?
Getting a Head Start on College Savings
A few strategies that may help you prepare for the cost of higher education.
If You're In An Accident
Learn the best steps to take after you’ve been in an automobile accident with this useful, step-by-step video.