The party to whom the claim from a loss is to be paid. If your vehicle happens to be a total loss, the insurance company will first pay off your remaining loan balance to Boro as we financed the vehicle for you.
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Michigan Regulatory Loan License (RL-0020249), effective February 12, 2016,
issued by Department of Insurance and Financial Services.
Contact info: Office of Consumer Finance, 530 W. Allegan Street, 7th Fl., Lansing, MI 48933-1521