Verlustfall
Verlustfall is a German term used in insurance, accounting and risk management to denote the event or condition that triggers a loss or the insurer’s liability. In insurance contracts, der Verlustfall (often described as der Versicherungsfall) is the insured event defined in the policy, such as fire, storm, theft or an accident. When the Verlustfall occurs and the contract conditions are met, the insurer owes compensation to the insured, subject to limits, deductibles and other policy terms. The term emphasizes the moment of loss realization rather than the extent of damage.
In accounting and finance, Verlustfall can refer to the realization of a loss or an impairment—when an
In practice, Verlustfall is sometimes used interchangeably with Schadenfall or Versicherungsfall, though nuances exist: Schadenfall describes
Overall, the term serves as a functional descriptor of the moment of loss realization in contracts and