Re: TERM: Vinkulace
- Thank you, Michael. That was very helpful and informative. As there
really isn't any more to the sentence than that what I wrote, I will
just stick with the "(manufacturer) named as the loss payee" option.
Thanks everyone again,
> I'd be inclined to call that a "loss payable clause"a/k/a "mortgagee
> clause," naming the manufacturer as the loss payee. It might evenbe
> a "lender's loss payable clause," but it would take some furtherthrough
> research to verify that. The main idea of any "loss payee"
> or "mortgagee" clause is that the money goes directly to the
> lender/mortgagee/creditor/secured party/etc. and does not go
> the hands of the potentially dishonest or financially riskyinsured.
> The main question between the lender and non-lender types is whatthe
> happens if the cars aren't lost due to an accident, but rather to
> insured's own conduct.
> Yours having litigated
> two loss payee cases.