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
Applying for Life Insurance? Here's What to Expect
Applying for life insurance isn't exactly simple, but it shouldn't be scary either. We've outlined exactly what you can expect when pursuing a new policy.
What is Risk?
Do you know what Risk is?
Universal Life Insurance
Universal life insurance is permanent insurance with a flexible premium. Here's how it works.