Which one of the following statements about the standard mortgage clause is CORRECT?

A) The mortgagee is the only party that can submit claims under the policy.

B) The mortgagee has no rights under the policy.

C) Nothing the insured does can prevent the mortgagee from collecting under the policy.

D) The mortgagee can only collect from the policy with the prior written consent of the policyowner

Answer: C

Property

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