lenders loss payable endorsement
A lenders loss payable endorsement is a commercial property policy endorsement that gives a creditor of the insured that has loaned money in connection with the insured's personal property the same rights and duties that a mortgage clause gives a mortgagee.
lenders loss payable endorsement
A lenders loss payable endorsement is a commercial property policy endorsement that gives a creditor of the insured that has loaned money in connection with the insured's personal property the same rights and duties that a mortgage clause gives a mortgagee.
Additional Information
The standard Loss Payable Provisions (CP 12 18) endorsement includes this as one of its three options.
