The person designated on an insurance policy as the one to be paid in case the property is damaged or destroyed. A secured lender often requires a borrower to carry adequate insurance on property used as security, and requires the borrower to name the lender as the loss payee.
Related information about loss payee:
- Loss payee clause - Wikipedia, the free encyclopedia
A loss payee clause (or loss payable clause) is a clause in a contract of insurance which provides that in the event of payment being made under the policy in ...
- Loss Payee Definition | Investopedia
The party to whom the claim from a loss is to be paid. Loss payee can mean several different things; in the insurance industry, the insured or the party entitled to ...
- What is a Loss Payee
Being listed as a loss payee is a requirement of most lenders. Learn what a loss payee is, and the consequences of not listing your lender as a loss payee.
- loss payee - Financial Dictionary - The Free Dictionary
A party to whom an insurance loss payment or insurance settlement may be directly paid. Loss Payee. The person or company to whom an insurance company ...
- Loss Payee Clause - Lienholder Clause - Auto Insurance Loan
Loss Payee/Lienholder Clause List for Auto Loans.
- What Does Loss Payee Coverage Mean? | Chron.com
A loss payee is the person or institution that receives the insurance payment from a loss. The loss payee is a legal definition used to cover the investment of ...
- Loss Payee and Mortgagee Notifications - Coverage Verifier - ISO.com
Loss payee and mortgagee notifications can be complex and expensive. Incomplete loss payee information or out-of-date mailing addresses result in significant ...
- What (Really) is a Loss Payee? – Retail Real Estate Law Ruminations
Nov 7, 2011 ... What does it mean to be named as a Loss Payee on someone's insurance policy ? Being a Loss Payee doesn't tell you “what kind of Loss ...