Which property insurance policy clause ensures that a loss payee will be included in any claim payment related to the insured property?

The loss payable clause is specifically designed to ensure that a loss payee is included in any insurance claim payment related to the insured property. This clause stipulates that in the event of a loss, the insurance company will compensate not only the insured party but also any party designated as a loss payee, such as lenders or other financial institutions that have a security interest in the property. This is crucial in protecting the interests of the loss payee, as it guarantees they will receive payment to cover their financial stake in the property before any remaining funds go to the insured.

In contrast, the mortgage clause, while also focused on financial interests related to property, specifically applies to mortgage lenders and ensures they are paid in the event of a claim, but it goes about this differently than a loss payable clause. The additional insured endorsement provides coverage to parties not named in the original policy, typically for liability insurance rather than property claims. Finally, a bailee provision pertains to the liability issues concerning someone holding property belonging to another and does not directly involve the claim payments of insured property. Therefore, the loss payable clause clearly stands out as the correct choice for this question.