STRATEGIC SOLUTIONS 4 - 2013 - Laserfiche WebLink

Home Browse Search

1211':1/ 2013 14:13 17604163320 AIM MAIL., CENTER 46 /' /� /� PAGE 02/011i FAMES' LOSS PAYABLE PROVISIONS A934 11t 8drlien Subject to the Loss Payable Provisions or any other loss payable endorsement Attached to the policy, payment for loss thereunder is payable a; interest may, appear to the named insured and the Lierdtoider oe Other Interest In the Declarations. Loss Payable Provisions It is agreed that any payment for loss or damage to tic vehicle described in this policy shall be made on the following basis: (1) At our option, loss or damage shall be paid as interest may appear to the policyholder and the lienholder shown in the Declarations, or by repair of the damaged vehicle, (2) Any act or neglect of the policyholder or A person acting, on his behalf shall not void die coverage afforded to the lienholder. (3) Change in title or ownership of the vehicle, or error in its description shall not void coverage afforded to the lienholder. The policy does not covet conversion, embVAernett or secretion of the vehicle by the policyholder or, anyone acting in his behalf while in possession under a contract with the lienholder. A payment may be made to the lienholder which we would not have been obligated to r ake except Eor these terms. In such event, we are entitled to all the rights of the lienholder to the extent of such payment, The lienholder shall do whatever is necessary to secure such rights. No subtogltion sha11 impair the right of the lienholder to tecovcr the full amount of its claim. We reserve the right to cancel this policy at any time as provided by its teens, In case cf cancellation or lapse we will .notify the lienholder. At the address shown in the Dcclarationg. We will give the lienholder advance notice of not less than 10 clays from the effective date of such mrtcellatioa or lapse A% respects his interest. Mailing notice to the loss payee is sufficient to effect cancellation. The Following applies as respects any loss adjusted with the rnortgagec interest only: (1) Any deductible applicable to Comprehensive Coverage shall not exceed $250. (2) Any deductible applicable to Collision Coverage shall not, exceed $250. This endorement is part of your policy. It supersedes and controls anything to the contrary. It. is otherwise subject to all other terms oPthe policy. 43.6994 I5il01 ON 4.12 16994101