All of the following are true with regard to the listing of a named insured on a property insurance policy, EXCEPT:

All of the following are true with regard to the listing of a named insured on a property insurance policy, EXCEPT: 



A. The secured lender (mortgagee) for a building is usually the named insured on a policy covering the building.
B. The owner and occupier of a building is usually the named insured on a policy covering both the building and personal property in the building.
C. The tenant of a building is usually the named insured on a policy covering the tenant's personal property in the building.
D. The owner of a building is usually the named insured on a policy covering the building.


Answer: A. A secured lender for a building is usually not listed as a named insured, but instead is listed in the policy declarations as a mortgagee.

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