What does Covered Losses mean? Read on to discover the definition & meaning of the term Covered Losses - to help you better understand the language used in insurance policies.
Covered losses are financial losses that an insurance company will provide financial reimbursement for, as per the terms of an insurance policy. The main reason why people usually buy insurance policies is to have their losses covered. The exact losses that are covered vary from policy to policy and insurance type to insurance type.
We hope the you have a better understanding of the meaning of Covered Losses.