Loss

Plain English Definition: Damage or injury that results in an insurance claim.

What Loss really means for someone with an insurance policy

A loss occurs when an insured event causes damage or injury, prompting a claim against the insurance policy.

Loss Real World Examples

• A car accident causing vehicle damage is considered a loss.
• A house fire resulting in property damage is a loss covered by homeowners insurance.
• Theft of personal items from a rented apartment qualifies as a loss under renters insurance.