Insurance Disclosures
LossPay Risk Technologies, Inc. — Regulatory Notice
Important Notices
Coverage may not be available in all states.
Coverage is subject to underwriting eligibility, carrier approval, policy terms, exclusions, limitations, deductibles, and applicable state regulations.
LossPay is not collision insurance, comprehensive insurance, liability insurance, GAP insurance, a vehicle service contract, or a vehicle warranty.
No representation is made that every claim will qualify for payment. All coverage determinations are subject to the terms of the applicable policy and the facts of each individual claim.
For surplus lines products, coverage may not be protected by state insurance guaranty funds.
Overview
LossPay Risk Technologies, Inc., doing business as LossPay and LossPay Insurance Agency, operates as an insurance distribution platform providing access to diminished value protection coverage through licensed insurance carriers.
Insurance products are underwritten by insurance companies that are licensed or otherwise authorized to conduct insurance business in applicable jurisdictions.
Coverage Availability
Insurance products and services described on this website may not be available in all states or jurisdictions. Eligibility, underwriting requirements, and coverage availability vary by location. Coverage availability and terms vary by state and are subject to underwriting approval, policy terms, exclusions, and carrier availability.
Surplus Lines Notice
Certain insurance products offered through LossPay may be provided through surplus lines insurance carriers.
Surplus lines insurers are not protected by state insurance guaranty funds. If a surplus lines insurer becomes insolvent, policyholders are not eligible for guaranty fund protection.
Coverage Limitations
Insurance coverage is subject to the terms, conditions, exclusions, and limitations contained in the policy issued by the underwriting carrier.
Descriptions of coverage on this website are summaries and do not alter the policy contract. In the event of any conflict between information on this website and the issued policy, the policy will control.
Claims Handling
Claims submitted through the LossPay platform are subject to verification of policy eligibility, qualifying repair events, and compliance with policy terms and conditions.
No representation is made that any specific claim will qualify for payment. Claim outcomes depend solely on the terms of the applicable policy and the facts of each individual claim.
Claim timelines vary based on documentation completeness, repair verification, and claim circumstances.
Independent Insurance Agency
LossPay Insurance Agency operates as an insurance distribution entity facilitating access to insurance products. LossPay may receive commissions or other compensation in connection with policies issued through its platform.
Not Legal or Financial Advice
Information provided on this website regarding diminished value, vehicle value analysis, or insurance products is for informational purposes only and should not be considered legal, financial, or tax advice. Consult a qualified professional for advice specific to your situation.
Contact Information
LossPay Risk Technologies, Inc.
16192 Coastal Highway
Lewes, Delaware 19958
Email:compliance@losspay.com
Phone:1-833-LOSSPAY