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If an insured vehicle is financed, how are claim checks issued? If issued to both insured and lien holder, how does insured collect?

April 26, 2017checks claim collect financed insured issued lien vehicle

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If an insured vehicle is financed, how are claim checks issued? If issued to both insured and lien holder, how does insured collect?

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A. The loss payee endorsement requires the insurer to pay to the insured and the loss payee as their interest may appear. The insured and the loss payee may both be named on the check. The insured and the loss payee will agree on the release of funds.