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      07-30-2013, 01:33 PM   #1
V8FunNaturally
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loss payee for new car financing ?

My bmw financial insurance requirement guideline says that bmw FS must be listed as additional insured and loss payee. Is this normal procedure and how do you do that ? The amount i am financing is only a small portion of my total price.
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      07-30-2013, 03:01 PM   #2
GreenLantern
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Normal procedure even if you only financed $1. They are the lienholder and get paid first in the event of a total loss.
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      07-30-2013, 05:40 PM   #3
WonderWagon
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NOrmal...just call your insurance company and have them list BMW Financial as payee...
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