What Does Severity Mean?

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

Severity

Severity

The amount of damage that is (or that may be) inflicted by a loss or catastrophe. Sometimes quantified as a severity rate, which is a ratio relating the amount of loss to values exposed to loss during a specified period.

We hope the you have a better understanding of the meaning of Severity.

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