kate_sept2004 / Getty Images A mortgagee clause ensures that if your property is damaged while you are paying off the mortgage, the insurance company will pay your mortgage lender for this loss ...

you’ll inform the insurer to add a mortgagee clause or loss payee clause in your policy. You’ll probably provide your lender’s details and your loan number. If you ever do file a claim ...

When you take out a mortgage, you plan on paying it back over 15 or 30 years. But in some cases, the lender can demand full repayment sooner. Mortgages allow for this possibility with acceleration ...