1. About.com
  2. Business & Finance
  3. Personal Insurance
Accident
<Back to Last Page>     <Full Glossary>

 Related Terms
• Bodily Injury
• Claim
• Liability
 
 
Definition: An incident at a specific time and place in which a loss occurs.

Examples: At 3:00 p.m., in front of the shopping center, a car backed into another car. Both parties examined their vehicles and there was no damage, therefore no accident was reported because a loss did not occur.

<Back to Last Page>     <Full Glossary>

Discuss in my forum

©2012 About.com. All rights reserved. 

A part of The New York Times Company.