When a mortgagee is named in a mortgagee clause attached to a fire or other direct damage policy

Insurance

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When a mortgagee is named in a mortgagee clause attached to a fire or other direct damage policy

a) The loss reimbursement will be paid to the mortgagee as their interest may appear.

b) The mortgagee’s rights of recovery will not be defeated by any act or neglect of the insured.

c) The mortgagee may bring a suit in their own name to recover damages to covered property.

d) All of the above are true.

Answer: D

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