Loss

The event insurance exists for — the damage, injury, or financial hit you suffer. A “direct” loss is the damage itself; an “indirect” loss is the ripple effect, like lost income.

This is a friendly general explanation, not legal or policy language. Exact coverage depends on your policy, carrier, and state. 🤝

Written and reviewed by the We Insure Things team — licensed independent insurance agents. Last reviewed July 23, 2026. Questions? Ask a licensed agent.