kate_sept2004 / Getty Images A mortgagee clause ensures that if your property is damaged while you are paying off the mortgage, the insurance company will pay your mortgage lender for this loss ...
Many mortgage lenders require borrowers to have a homeowners insurance policy with a mortgagee clause. The mortgagee clause is a provision that protects the lender from financial loss if the ...
Diego Sanchez interviews Mike Cox on disaster response, state-specific coverage, and the future of insurance in mortgage ...
An acceleration clause is a provision in a mortgage that allows the lender to require the full repayment of the loan early.