What Does Casualty Loss Mean?

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What does Casualty Loss mean? Read on to discover the definition & meaning of the term Casualty Loss - to help you better understand the language used in insurance policies.

Casualty Loss

Casualty Loss

Insurance industry term for an economic loss resulting from a casualty. Uninsured casualty loss may be written off against that or the previous year's income. See also disaster loss.

We hope the you have a better understanding of the meaning of Casualty Loss.

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