Home Insurance Glossary - Economic Loss

The Definition of "Economic Loss" is:

Total financial loss resulting from the death or disability of a wage earner, or from the destruction of property. Includes the loss of earnings, medical expenses, funeral expenses, the cost of restoring or replacing property and legal expenses. It does not include non-economic losses, such as pain caused by an injury.



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Early Warning System Earned Premium Earthquake Insurance Economic Loss Electronic Commerce or Ecommerce Elimination Period Employee Dishonesty Coverage Employee Retirement Income Security Act (ERISA) Employer's Liability Employment Practices Liability Coverage Endorsement Endowment Insurance Environmental Impairment Liability Coverage Equity Indexed Annuity Equity Errors And Omissions Coverage (E&O) Escrow Account Excess And Surplus Lines Excess Of Loss Reinsurance Exclusion Exclusive Agent Exclusive Remedy Expense Ratio Experience Exposure Extended Coverage Extended Replacement Cost Coverage Extended Term Insurance Option.
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