A loss payee is the person or institution that receives the insurance payment from a loss. The loss payee is a legal definition used to cover the investment of other parties when you lose property.

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Hans Daniel Jasperson has over a decade of experience in public policy research, with an ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

A payee is a person or business entity receiving a payment. If you're sending an invoice payment, the payee is the vendor, credit card company or government agency to whom you've written the check. If ...

In July 2025, the Milwaukee Journal Sentinel reported on a Wisconsin woman whose family feared her representative payee might have misused her funds. Representative payees are responsible for aiding ...