What Does Ground Up Loss Mean?

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

Ground Up Loss

Ground Up Loss

The entire amount of an insurance loss, including deductibles, before application of any retention or reinsurance. The original loss to the insured, after recognizing known salvage and subrogation.

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

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