MLchartDataset catalogue

Lenders loss payable endorsement

Term · Insurance and risk management · MLC-T-INS-001987

An attachment to an insurance policy that protects a lender's interest in insured property. This endorsement specifies that any loss payment for covered property damage will be made to the lender, regardless of acts or omissions by the insured borrower. It provides a separate contractual agreement between the insurer and the lender.

Table 1. Record
IdentifierMLC-T-INS-001987
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001987",
  "term": "Lenders loss payable endorsement",
  "field": "Insurance and risk management",
  "definition": "An attachment to an insurance policy that protects a lender's interest in insured property. This endorsement specifies that any loss payment for covered property damage will be made to the lender, regardless of acts or omissions by the insured borrower. It provides a separate contractual agreement between the insurer and the lender.",
  "url": "https://mlchart.com/terminology/insurance/lenders-loss-payable-endorsement/"
}

Record 1,910 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.