what is the difference between a mortgagee clause and a certificate of insurance?

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what is the difference between a mortgagee clause and a certificate of insurance?


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Mortgagee clause refers to the way the lender is listed on a homeowner’s (aka hazard) insurance policy. Assume when you say certificate of insurance you are just referring to the actual policy, which is summarized on a document called a “declarations page”. The loss payee is shown on the declarations page, along with the coverage amount, renewal date, premium, address and name of insured.

Answered about 1 year ago
Ted Rood
1310 6

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