Ground up loss

{
  "id": "MLC-T-INS-001673",
  "term": "Ground up loss",
  "field": "Insurance and risk management",
  "definition": "The total amount of a loss before the application of any deductibles, policy limits, or reinsurance recoveries. This represents the full financial impact of an event as if no insurance or risk transfer mechanisms were in place. It is a fundamental figure used in loss reserving, actuarial analysis, and determining the ultimate cost of a claim.",
  "url": "https://mlchart.com/terminology/insurance/ground-up-loss/"
}