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 a Premium?
Do you know what a Premium is?
What is Risk?
Do you know what Risk is?
Disability and Your Finances
In the event of an unforeseen accident or illness, disability insurance may be a good way to protect your income and savings.