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- Loss_payee_clause abstract "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 relation to the insured risk, 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 (i.e. usually a bank) requires that the property be insured and that such a clause be included.Although such clauses are found in other areas of insurance, they are most common in maritime insurance in relation to insuring mortgaged vessels.As a matter of practicality, such clauses are usually appended to the end of existing policies in a separate addendum after being negotiated between the insurer and the mortgagee.".
- Loss_payee_clause wikiPageExternalLink Pol%20Risk%20-%20Single%20Debtor%20Wording.pdf.
- Loss_payee_clause wikiPageID "11412577".
- Loss_payee_clause wikiPageRevisionID "504225882".
- Loss_payee_clause hasPhotoCollection Loss_payee_clause.
- Loss_payee_clause subject Category:Admiralty_law.
- Loss_payee_clause subject Category:Contract_clauses.
- Loss_payee_clause subject Category:Insurance.
- Loss_payee_clause subject Category:Mortgage_insurance.
- Loss_payee_clause comment "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 relation to the insured risk, 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 (i.e.".
- Loss_payee_clause label "Loss payee clause".
- Loss_payee_clause sameAs m.02rbmbh.
- Loss_payee_clause sameAs Q6683753.
- Loss_payee_clause sameAs Q6683753.
- Loss_payee_clause wasDerivedFrom Loss_payee_clause?oldid=504225882.
- Loss_payee_clause isPrimaryTopicOf Loss_payee_clause.