Insured Loss
Insured Loss : "The term "insured loss" means any loss resulting from a natural disaster that is covered by primary and excess property and casualty insurance by an insurer that can be filed as a claim. Commercial and business property losses include roofing materials (such as tiles, awnings, siding, etc.) and other exterior materials such as windows, signs and piers/docks used for loading and unloading, as well as business losses due to mandatory evacuation". (Insure.com, "Hurricane Gustav Losses at Least $4 Billion, September 2, 2008)
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