As an individual or organization, the loss payee receives payment from a claim in the event of a loss. The loss payee can be the named insured or a third party. You can add a loss payee in both the Contacts and Policies modules. To add a loss payee in the Policies module, see Adding or updating contacts on a policy.
To add a loss payee, open the desired contact and:
- In the Role section, select Add a Role to open the Role dialog box.
- In the Role dropdown list, select Loss Payee.
- Select Done to close the dialog box and return to the Role section.
- Select Save beneath the Role dropdown list. A Save Completed pop-up window will open. No further information is needed.
In the Policies table, you can view all policies that identify the contact as the loss payee. When you select a policy, BriteCore directs you to the selected policy’s Information tab.