March 03, 2021 Feature

Navigating Mortgage Holder Coverage Issues When the Insured Property Owner Forfeits Coverage

Steven E. Peiper and John R. Ewell
GettyImages.com/Imagedepotpro

GettyImages.com/Imagedepotpro

To ensure their interests are protected, mortgage holders should be cognizant of their duties and rights under the mortgage clause.

Hoping to swindle his insurance company and make a quick buck, Blaze Bandit torched his shop. Before the smoke drifted away, his property insurer denied his claim due to arson. Crime, it has been said, does not pay, and neither does the insurer. Or does it?

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