loss payable clause
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 284 U.S. 177 - Sun Ins Office v. Scott Norwich Union Fire Ins Soc · 1931Most cited · 96 citing opinions
The loss payable clause ... is not informative to the insurer of the existence of a chattel mortgage, but performs the office of protecting a creditor of the insured who has no interest in the insured property by mortgage or otherwise against the eventuality of fire loss.
How often courts cite the case defining “loss payable clause”
Court decisions citing the opinion that defined “loss payable clause” — 96 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.