Loss Payee Update Request
Keep Your Financial Interests Protected with Up-to-Date Records
If your lender, leasing company, or financial institution has changed, it’s important to update the Loss Payee information on your insurance policy. This ensures that all parties with a financial interest in your insured property are properly listed and protected.
We make it quick and simple to request an update.
What is a Loss Payee?
A Loss Payee is typically a lender or financing company that holds a secured interest in your property, such as a vehicle or equipment. They are listed on your insurance policy to ensure they’re protected in case of a loss.
📌 Example: Car lenders, leasing companies, or equipment financiers.
Why Should You Update It?
✅ Ensure claims payments are directed correctly.
✅ Avoid coverage disputes with lenders.
✅ Stay compliant with loan or lease agreements.
✅ Maintain accurate insurance documentation.
How to Update Your Loss Payee Information
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Complete the Request Form Below
Share the updated loss payee details, including the correct name and mailing address. -
We’ll Process Your Update Quickly
Our team will review your request and update your policy records accordingly. -
Confirmation Sent to You & Your Lender
Once updated, we’ll provide you and your loss payee with confirmation.
Information You’ll Need:
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Your policy number.
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The correct loss payee name & address.
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Any loan or lease reference numbers (if applicable).
Disclaimer
Important Notice:
By submitting this form and any associated documents, you acknowledge that the information provided is accurate and true to the best of your knowledge. Submitting a request does not guarantee immediate policy changes, document issuance, or coverage modifications. All requests are subject to verification and approval by RMBIA and may require additional documentation or clarification.
Please allow up to 1-2 business days for processing standard requests. Complex updates or third-party communications may require additional time. Our team will contact you if further information is needed.
We take your privacy and data security seriously. All personal and policy information submitted through this website is handled in accordance with our [Privacy Policy] and applicable data protection regulations.
If you have urgent concerns or require immediate assistance, please contact our support team directly at 507-424-1044 or info@rmbia.com.