Question

If a lender has an insurable interest in a home, where would its interests be protected?

(A) Mortgage or Mortgagee clause

(B) Ordinance or Law coverage

(C) Insurable Interest and Limit of Liability clause

(D) Loss Settlement provision

Answer 1

If a lender has an insurable interest in a home, its interests would be protected through the Mortgage or Mortgagee clause (option A).

Step-by-step explanation:

If a lender has an insurable interest in a home, its interests would be protected through the Mortgage or Mortgagee clause (option A). The Mortgage or Mortgagee clause is a provision in an insurance policy that protects the lender's interests in the property being insured. It ensures that the lender will be compensated if there is a loss or damage to the property.