In the context of #insurance, a #loss refers to the damage or injury that the policyholder suffers due to a covered peril, such as an accident or unfortunate event. The insurer will compensate the policyholder for the financial impact of this loss, up to the limits specified in the policy. For example, if your home is damaged by a fire, the insurance company will pay for the repairs or replacement costs, minus any deductible, up to the policy limit.

Do you have any specific questions about how losses are calculated or covered under your insurance policy?

Sincerely,

Harpreet Singh, Most lovable ❤️ Insurance Broker in Ontario

Phone – 6476217890

Email – insurancechampion@outlook.com

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