loss payable endorsement

[Hanka]

Hi,

could you please tell me whether it is possible to say "loss payable endorsement" (insurance term) meaning that the insurance benefit will not be paid to the insured person, but to a designated third person? Or is any other expression used?

Thanks a lot!

Hanka

 

[susiedqq]

Yes, there is such a term. You can google it and get much more information.