What is CONSEQUENTIAL LOSS?

A loss that happens and is insured. The loss is not predictable. Additional insurance must be bought. Refer to direct loss and indirect loss.

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Related Legal Terms

CONSEQUENTIAL LOSS POLICY, AMOUNT OF LOSS, DIRECT LOSS, LOSS ASSESSOR, LOSS ADJUSTOR, TOTAL LOSS, DIRECT AND CONSEQUENTIAL DAMAGES, SHOCK LOSS, CONSEQUENTIAL DAMAGE, LOSS EXPECTANCY


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