Insurance   A layperson's glossary of insurance terminology.

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what is...
LOSS
A reduction in the quality or value of a property, or a legal liability.
ALSO SEE: BURGLARY AND THEFT INSURANCE, HOMEOWNERS INSURANCE POLICY, HURRICANE DEDUCTIBLE, APPORTIONMENT, COINSURANCE, DEDUCTIBLE, APPRAISAL, CAPACITY, PERIL, LIMIT, RISK, RATE

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