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.
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.
While protection is never a bad thing, you want to make sure the value of the coverage outweighs the added cost.
Knowing how insurance deductibles work can help you save money and give you peace of mind.
The decision whether to buy or rent a home may have long-term implications.