Lienholder or Loss Payee
Filter Your Results
Insurance
On the insurance for my financed or leased vehicle, why do you need to be listed as "Lienholder" or "Loss Payee"?
We have a vested interest in your vehicle.
As the lienholder, we have a security interest in your vehicle and on any insurance claims that may be paid during the term of your contract. If you leased your vehicle, a leasing company is the owner of a leased vehicle, and is listed as the Loss Payee on your policy. This is to ensure the proceeds from insurance settlements are used to repair damages to the vehicle.