Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What Does Loss Payee Mean on an Auto Insurance Policy?

April 26, 2017auto insurance loss mean payee policy

0

Posted

What Does Loss Payee Mean on an Auto Insurance Policy?

1 Answer

0

Posted

Anyone who has financed a car and taken out insurance on the vehicle has had to add a loss payee to the auto policy. In the simplest terms, a loss payee is the one who the insurer will pay in the event of a claim.