Can You Identify What's Covered Under a Dwelling Policy?

Which part of a Dwelling Policy protects a bank or lender if coverage lapses?

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Correct Incorrect The mortgagee clause ensures lenders are notified of changes and protects their right to be paid from a claim, even if the homeowner violates policy terms.

Which part of a Dwelling Policy protects a bank or lender if coverage lapses?

• Liberalization clause
• Coinsurance clause
• Subrogation clause
• Mortgagee clause