PP 03 05 Loss Payable Clause

An Insurance Services Office (ISO) standard form. It pays physical damage losses to you and the named loss payee as interests appear, protects the loss payee from your fraudulent acts except conversion or embezzlement of the auto, and gives the loss payee the same cancellation notice as you.

The 09 18 edition adds a schedule and updates the form date. The coverage wording is the same as 08 86.

1 other edition date appears in one or two filings each, often carrier-specific versions: 04 86.

Where filings record what this form replaced, they name other forms PP 01 55. Only some filings record replacements.

• Edition in use: in the past 12 months, 5 companies filed the 09 18 edition and 5 companies filed 08 86.
• PP 03 35 (Auto Loan/Lease Coverage) is filed alongside it most often, in 73 of the same filings (72%).

Data from admitted P&C filings with state insurance departments, submitted Oct 2021 to Oct 2026, excluding withdrawn and rejected filings. One filing can cover several affiliated companies.

• Berkshire Hathaway GroupFiles its own version: UE316GPS Loss Payable Clause (24 states)
• Allstate Insurance GroupFiles its own version: 06279 Loss Payable Clause (2 states)

• PP 03 35Auto Loan/Lease Coverage73 filings
• PP 03 01Federal Employees Using Autos in Government Business71 filings
• PP 03 13Excess Electronic Equipment Coverage65 filings
• PP 00 01Personal Auto Policy64 filings
• PP 03 06Extended Non-Owned Coverage - Vehicles Furnished or Available for Regular Use64 filings
• PP 03 19Additional Insured - Lessor62 filings
• PP 03 08Coverage for Damage to Your Auto (Maximum Limit of Liability)61 filings
• PP 13 01Coverage for Damage to Your Auto Exclusion Endorsement61 filings
• PP 03 18Excess Custom Equipment Coverage60 filings
• PP 03 03Towing and Labor Costs Coverage53 filings