loss

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Damage through an insured’s negligent acts and/or omissions resulting in bodily injury and/or property damage to a third party; damage to an insured’s property; or amount an insurance company has a legal obligation to pay.


1. a company is legally obligated to pay the least of the following amounts: (a) amount of the loss; (b) limits of coverage; (c) amount resulting from the application of the coinsurance formula, such that

where Insurance Required = Value of Property x Coinsurance For example, assume that the insured had a $200,000 home destroyed totally by fire; carried $150,000 in insurance coverage; and there was an 80% coinsurance requirement. Then, according to the formula

(d) amount according to the pro rata distribution clause. If there is more than one insurance policy covering the damaged or destroyed property, each policy will pay no more than its proportionate share of the loss. In the foregoing example, if the insured had two separate $200,000 policies, each would pay no more than $100,000.


2. questions regarding loss coverage include: Is the peril covered? Is the property covered? Is the person covered? Is the policy in force? Are the limits of coverage adequate? Is the location covered? Has the hazard been increased?

3. steps an insured should take: (a) send written notice immediately to the insurance company or its agent; (b) do everything reasonable to protect the property from further damage; (c) separate damaged from undamaged property; (d) provide the insurance company with a written inventory of damaged or destroyed property; (e) submit within 60 days following the loss written proof of the loss; and (f) make the damaged or destroyed property available for examination by the insurance company.

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noun

1. The act or an instance of losing something: losing, misplacement. See get/lose.
2. The condition of being deprived of what one once had or ought to have: deprival, deprivation, dispossession, divestiture, privation. See give/take/reciprocity, rich/poor.

n

Definition: misfortune, deficit; something misplaced or lost
Antonyms: accomplishment, achievement, fortune, success, win

Something (not a person) that loses; a situation in which something is losing. Emphatic forms include moby loss, and total loss, complete loss. Common interjections are “What a loss!” and “What a moby loss!” Note that moby loss is OK even though **moby loser is not used; applied to an abstract noun, moby is simply a magnifier, whereas when applied to a person it implies substance and has positive connotations. Compare lossage.

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This entry contains information applicable to United States law only.

Diminution, reduction, depreciation, decrease in value; that which cannot be re- covered.

The term loss is a comprehensive one, and rela- tive, since it does not have a limited or absolute meaning. It has been used interchangeably with damage, deprivation, and injury.

In the law of insurance, a loss is the ascertained liability of the insurer, a decrease in value of resources, or an increase in liabilities. It refers to the monetary injury that results from the occurrence of the contingency for which the insurance was taken out.

Loss of earning capacity is an injury to an individual's ability to earn wages at a future time and may be recovered as an element of damages in a tort case.

Term used to describe a decrease in power.

A cynical view of the world by Ambrose Bierce

n.

Privation of that which we had, or had not. Thus, in the latter sense, it is said of a defeated candidate that he "lost his election"; and of that eminent man, the poet Gilder, that he has "lost his mind." It is in the former and more legitimate sense, that the word is used in the famous epitaph:

    Here Huntington's ashes long have lain
    Whose loss is our eternal gain,
    For while he exercised all his powers
    Whatever he gained, the loss was ours.

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sign description: Both open flat hands, palms up, come together and then move downwards and pull apart.

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For a list of words related to loss, see:

• Baseball - loss: a statistical unit charged to a team upon losing a game, or to a particular pitcher upon his team losing a game, subject to certain criteria

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See words rhyming with "loss."

  See crossword solutions for the clue Loss.

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)

Dansk (Danish)
n. - tab, fortabelse, spild, forkastelse, skade, skadesbeløb

idioms:

• at a loss    med tab, rådvild, fortabt, i vildrede
• at a loss for words    savne ord
• loss adjuster    dispachør
• loss leader    lokkevare

Nederlands (Dutch)
verlies, teloorgang, gemis, ondergang, wrak, derving, nadeel, schade, vermindering

Français (French)
n. - (gén, Comm, Fin, Pol) perte(s), victime(s), interruption (son, TV), perplexité, confusion

idioms:

• at a loss    (être) perdu, (être) perplexe
• at a loss for words    ne pas trouver ses mots
• loss adjuster    expert en assurances
• loss leader    article promotionnel

Deutsch (German)
n. - Verlust

idioms:

• at a loss    mit Verlust
• at a loss for words    um Worte verlegen
• loss adjuster    für die Schadenabwicklung zuständiger Versicherungsbeamter
• loss leader    (unter dem Selbstkostenpreis angebotener) Lockartikel

Ελληνική (Greek)
n. - απώλεια, χάσιμο, χασούρα, οικονομική ζημία

idioms:

• at a loss    σε αμηχανία, "χαμένος"
• at a loss for words    σε πλήρη αμηχανία, που έχει χάσει τα λόγια του
• loss adjuster    πραγματογνώμονας
• loss leader    (οικον.) προϊόν-κράχτης

Italiano (Italian)
perdita, rovina, caduta

idioms:

• at a loss    imbarazzato
• at a loss for words    senza parole
• loss adjuster    estimatore
• loss leader    articolo civetta

Português (Portuguese)
n. - perda (f), privação (f), extravio (m), desperdício (m), prejuízo (m), baixas (f pl)

idioms:

• at a loss    perplexo, embaraçado, na falta, na incerteza, com prejuízo
• at a loss for words    não encontrar palavras
• loss adjuster    indenização de prejuízo
• loss leader    produto barato para atrair freguesia

Русский (Russian)
потеря, гибель, проигрыш, убыток

idioms:

• at a loss    в замешательстве, в недоумении, потерять след
• at a loss for words    не найти нужных слов
• loss adjuster    страховой агент, оценивающий размер ущерба
• loss leader    товар, продаваемый с убытком для привлечения покупателей

Español (Spanish)
n. - pérdida, carencia, extravío, ruina, declinación, perdición, derrota, daño, perjuicio, caída

idioms:

• at a loss    estar perdido, estar desorientado
• at a loss for words    no encontrar palabras con que expresarse
• loss adjuster    perito de seguros
• loss leader    artículo de cebo, de promoción, artículo de propaganda

Svenska (Swedish)
n. - förlust, skada, (sjö.) förlisning, undergång, förlorande, mistande, (försäkr.) skada, skadebelopp, skadesumma

中文（简体）(Chinese (Simplified))
损失, 失败, 遗失

idioms:

• at a loss    困惑, 亏本地
• at a loss for words    不知该说什么
• loss adjuster    保险公司雇请的估价人, 尤指火险估价人
• loss leader    为吸引顾客亏本卖出的东西

中文（繁體）(Chinese (Traditional))
n. - 損失, 失敗, 遺失

idioms:

• at a loss    困惑, 虧本地
• at a loss for words    不知該說什麼
• loss adjuster    保險公司雇請的估價人, 尤指火險估價人
• loss leader    為吸引顧客虧本賣出的東西

한국어 (Korean)
n. - 잃음, 분실, 파괴, 손해, 낭비, 사고

idioms:

• at a loss    당황하여, 원가 이하로
• at a loss for words    말이 막히다

日本語 (Japanese)
n. - 失うこと, 喪失, 損害, 損失, 損失額, 減少, 敗北

idioms:

• at a loss    途方にくれて, 当惑して, 原価より安い値段で
• at a loss for words    言葉に窮する
• loss adjuster    損失調整
• loss leader    格安品, 目玉商品

العربيه (Arabic)
‏(الاسم) خسران, فقدان, شخص أو شئ أو مقدار يخسر, خسارة, نقص في المقدار أو الحجم أو الدرجه‏

עברית (Hebrew)
n. - ‮איבוד, הפסד, אבידה‬