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Endorsements

Loss payable clause in admitted P&C products

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Coverage intent

A loss payable clause identifies a party with an interest in covered property and describes how payment may be made after a covered loss.

Coverage impact

Loss payable wording matters for lenders, lessors, lienholders, equipment owners, and other parties with property interests.

Form similarity

Form groups by coverage intent

FilingFocus converts each form into a numeric representation of its wording. The map compares distance between those representations, so forms with similar intent, not just keywords, appear closer together. This helps show repeated variants, related form families, and outliers.

Form group
Loss payable clause
993 forms on chart / latest Jun 23, 2026
More typical wording
Less typical wording
Each dot is a filed form in the selected group. Dots close together tend to use similar wording.
Multi-company use
Multiple products
Multi-state rollout
Single company/product
Larger dots appear in more filings for the selected group.
Wording signals
Most common wording
LENDERS LOSS PAYABLE CLAUSE
CA 79 37 04 23
30 filings
Selective Insurance Company of America + 3 more
Commercial Auto Combinations
Less common wording
Loss Payee Itemi Fine Art & Jewelry
VAC38CHUBB 05-17
2 filings
Chubb National Insurance Company + 1 more
Other Personal Inland Marine

Where this language appears

Matching form records, product lines, state activity, and recent examples for this coverage language.

Matching form records

Recent records

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Companies

Sample form language

A representative form excerpt for this topic, with the form number and edition date shown the way insurance teams usually identify versions.

Selected form

Loss Payable Clause

Form #: AMER-IL-CW-0011 07 26

Benchmark Insurance Company

Commercial Auto

NC | Jun 23, 2026

This commercial auto endorsement shows how a scheduled loss payee receives payment, when that interest is protected, and when insured misconduct defeats it.

Loss payee payment and misconduct exception

A. We will pay, as interest may appear, you and the applicable loss payee shown in the schedule above for "loss", except towing, to a covered "auto".

B. The insurance covers the interest of the applicable loss payee unless the "loss" results from conversion, secretion or embezzlement on your part.

C. We may cancel the policy as allowed by the Cancellation Common Policy Condition. Cancellation ends this agreement as to the loss payee's interest. If we cancel the policy, we will mail you and the loss payee the same advance notice.

D. If we make any payments to the loss payee, we will obtain his or her rights against any other party.

Selected excerpt from this form.

Notable language points

  1. 01Pays the insured and applicable loss payee according to their interests.
  2. 02Preserves the loss payee interest unless the loss results from specified misconduct by the insured.
  3. 03Transfers the loss payee rights against other parties to the insurer after payment.

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