Loss exposure

Loss Exposure definition:

Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs.

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InsuranceShark translator:

This is the risk that your individual or business has the possibility of loss to assets. to a specific cause of loss, and there is a financial loss associated with that loss.

InsuranceShark example:

When an individual or family owns an asset such as a home or car, the change that a tree will fall on the house and damage it, is an example of a loss exposure.



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