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 My Current Cash Flow?
Assess whether you are running “in the black” or “in the red” each month.
What is a Claim?
Do you know what a Claim is?
Can I Refinance My Mortgage?
This calculator can help determine whether it makes sense to refinance your mortgage.