Loss (in insurance contracts)

Loss (in insurance contracts)
Image: Loss (in insurance contracts)

The term loss, in insurance contracts, indicates the event to which reference is made for the effective operation. The type of event may vary considerably, depending on the type of guarantee provided in the policy, for which it is also appropriate to refer to this term for a better clarification of the event. For example, risks such as theft, fire, civil liability, professional liability, shipwreck, aviation or railway accident, death, injury and many other events are covered.

  • James Berkeley

    Based in Bangkok, James simplifies insurance with a personal touch. Proud alumnus of the University of Edinburgh Business School with MSc in Law.