Partial loss refers to a situation where only a portion of an asset, property, or item is damaged, destroyed, or rendered unusable, rather than the entire entity. This can occur in various contexts, such as in insurance claims, where a policyholder may seek compensation for the damaged part of their property, like a house or vehicle. In the context of insurance, partial loss is typically assessed to determine the extent of the damage and the corresponding payout. Insurers evaluate the remaining value of the asset and the cost of repairs to calculate the compensation amount, ensuring that the policyholder is fairly reimbursed for their loss.