What does AMOUNT OF LOSS mean?

AMOUNT OF LOSS meaning in Law Dictionary

In insurance coverage. The diminution, destruction, or defeat for the worth of, or for the cost upon, the insured susceptible to the assured, by the direct consequence of the procedure associated with risk guaranteed against, based on its value when you look at the plan, or in contribution, for loss, as far as its worth is covered by the insurance coverage.

Sentence Examples with the word AMOUNT OF LOSS

A statement of the amount made per kilowatt hour may be misleading, since a certain amount of loss is of necessity entailed during this process.

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