A loss payee is the person or institution that receives the insurance payment from a loss. The loss payee is a legal definition used to cover the investment of other parties when you lose property.

It has been our experience that banks being added as loss payees on association policies has become a common occurrence. Banks generally have an insurable interest in a building to the extent of the ...

Your insurance policy's declaration page, or "dec" page, is a summary of your policy information. It includes the policy number and effective dates, what types of coverage you have, what the policy's ...

The mortgagee clause is a provision in a homeowners insurance policy that protects the lender from financial loss if the ...