All of the following are rights extended to mortgagees (banks) under the mortgage clause in the HO contract except:
A) to sue under the policy in its own name
B) to foreclose on property if the insured homeowner tries to defraud the insurer
C) to receive payments from the insurer
D) to be economically protected
Correct Answer:
Verified
Q9: Which of the following is not a
Q10: The named insured leaves a suitcase filled
Q11: The replacement cost of a home covered
Q12: Medical Payments coverage in the HO-3 policy
Q13: Mr. Xavier has an HO-3 contract with
Q15: Joe has an HO-3 policy. He also
Q16: All of the following are available under
Q17: The value of a home is $50,000,
Q18: Which of the following are not a
Q19: All the following are provisions in the
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