How carriers handle this can vary, but generally your trust is either the “named insured,” an “additional insured,” (in addition to you personally, that is) and/or the “loss payee.” ...

If you have an auto loan or lease, remember to list your lender on your new policy. The lender is a loss payee, which means it gets paid first when your car is totaled if you still owe money.

How carriers handle this can vary, but generally your trust is either the “named insured,” an “additional insured,” (in addition to you personally, that is) and/or the “loss payee.” Naming the trust ...