Search results with tag "Loss payable"

THE RIGHTS AND DUTIES OF MORTGAGEES AND LIEN …

carrying a loss payable clause protecting the mortgagee’s interests. IV. Loss Payable/Mortgage Clauses Generally, a loss payable clause is a provision in an insurance policy authorizing payment in the event of a loss to a person or entity other than the named insured having an insurable interest in the subject property.

  Loss, Payable, Loss payable