Phrases with «loss payee»

The phrase "loss payee" refers to a person or company that will be reimbursed or paid for any losses or damages that occur to a specific item or property. They are usually listed on insurance policies and have the right to receive payment if there is a claim filed for the item they have an interest in. Full definition

loss (parent phrase)
payee (parent phrase)

loss payee

Sentences with «loss payee»

By adding the lender as loss payee as soon as possible, you will cut back on third party insurance being placed on your vehicle in error. (thebalance.com)
Other common stipulations include naming your leasing company as an additional insured and loss payee on your car insurance policy. (policygenius.com)
The difference between loss payee and lender's loss payable endorsements is all about the amount of protection your lender will receive from your property insurance. (fundera.com)
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Phrases with «loss payee»

Sentences with «loss payee»

See also