The Real Estate Encyclopedia
Loss Payable Clause
Category - Real Estate Glossary - Real Estate Terminology
A provision added to a Fire and Casualty Policy which says any loss will be paid to two or more parties (usually the owner and the mortgage lender) as their interest may appear.
 
Category(s)
Real Estate Glossary - Real Estate Terminology
[edit]
Home   |   About Us   |   Contact Us   |   Patrons   |   FAQ's   |   Site Map
© 2008 - All Rights Reserved.
Thank you for visiting Real Estate Wiki - the leading dictionary, directory, encyclopedia and glossary for the real estate and mortgage industries .