NH Public Adjuster Practice Questions - New Hampshire Public Adjuster Exam

What is a 'mortgagee clause' in a New Hampshire homeowner's insurance policy?

A clause that voids the policy if there is a mortgage A provision protecting the mortgage lender's interest in the insured property A clause requiring the mortgagee to pay the premium A provision that transfers the policy to the lender

Correct Answer:

A provision protecting the mortgage lender's interest in the insured property

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