If the vehicle is damaged,the loss payee is notified and payment is made to the payer of the insurance policy.

Name: If the vehicle is damaged,the loss payee is notified and payment is made to the payer of the insurance policy.
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The loss payee is typically a lender or leasing company with a financial interest in the vehicle, and payment for damages is made to the loss payee up to the amount of their interest, not necessarily to the payer of the insurance policy.

If the Vehicle Is Damaged,the Loss Payee Is Notified and Payment