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 11 months ago
Ted Rood
1269 6

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