Loss payee clause
id:
loss-payee-clause-270-3933292
title:
Loss payee clause
text:
A loss payee clause is a clause in a contract of insurance that provides, in the event of payment being made under the policy in relation to the insured risk, that payment will be made to a third party rather than to the insured beneficiary of the policy. Such clauses are common where the insured property is subject to a mortgage or other security interest and the mortgagee, usually a bank, requires the property be insured and that such a clause be included. The clauses are found in maritime ins
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Loss_payee_clause
date created:
date modified:
2023-12-01T04:19:25Z
main entity:
{"identifier":"Q6683753","url":"https://www.wikidata.org/entity/Q6683753"}
image:
fields total:
13
integrity:
13