What Does Losses and Loss-Adjustment Expenses Mean?

Free Business Insurance Quote Click Here
What does Losses and Loss-Adjustment Expenses mean? Read on to discover the definition & meaning of the term Losses and Loss-Adjustment Expenses - to help you better understand the language used in insurance policies.

Losses and Loss-Adjustment Expenses

Losses and Loss-Adjustment Expenses

Losses and loss-adjustment expenses refer to the share of the reserve fund that an insurance company sets aside to answer for unpaid losses and the attendant costs of investigating and adjusting these losses. Treated as a liability, it also comprises estimates of the losses for policies ceded to reinsurers.

We hope the you have a better understanding of the meaning of Losses and Loss-Adjustment Expenses.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here