Loss

Damages through the insuredThe policyholder - the person(s) protected in case of a loss or claim.'s negligent act and/or omission resulting in bodily injuryPhysical injury to a person; insured's liability for same covered under Liability Insurance policies.Cancellation and/or propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. damagesThe indemnity recoverable by a person who has sustained an injury, either in his or her person, property, to a third partyThe claimant under a Liability Policy. So called because the person making the claim is not one of the; damage to an insured's property; or amount an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer has a legal obligationLegal reservation of funds based on known requirements (a contract, for example), or an a realistic estimate of costs. to pay.

Loss

The basisThe total amount paid for a property, including equity capital and the amount of debt incurred. For for a claimNotice to an insurer that under the terms of a policy, a loss maybe covered. under an insurance policyThis is the entire written insurance contract.. In health insuranceFinancial protection against all or part of the medical care costs to treat illness or injury. Health, loss can refer to medical expensesThings that you are required to spend money on, such as food, clothing, housing, or other things that you have to have. (or, in a disabilityAn inability to substantially perform the duties of your job due to illness or injury, which is determined policyThe written contract of insurance., loss of incomeMoney you make from a job or from business or property.) resulting from illness or injury.

Loss

The occurrenceProtects the insured for claims stemming from alleged incidents that take place during the policy period, of the event for which insuranceSee "property insurance;" "private mortgage insurance;" "insured mortgage;" "title insurance." pays.