Homeowners InsuranceQuestion 119 of 158
The standard mortgage clause requires the insurer to give the mortgagee written notice of cancellation at least how many days in advance?
a.30 days
b.20 days
c.5 days
d.10 days
Explanation
The standard mortgage clause requires at least 10 days' written notice of cancellation to the mortgagee. The clause also protects the mortgagee's interest even when the insured's act or neglect would otherwise void coverage, in exchange for the mortgagee paying premium on request and providing proof of loss if the insured does not.
Law Reference: ISO HO form standard mortgage clausePractice all 158 questions free — no signup required.
Related questions on this topic
- Damage caused by earthquake is generally covered under a standard California homeowners policy only when:
- To receive full replacement cost on a dwelling loss under a standard HO-3, the insured must insure the dwelling to at least what percentage of its full replacement cost?
- Without a replacement cost endorsement, personal property under Coverage C is typically settled on what basis?
- Under the standard homeowners Coverage C special limits, what is the typical sublimit for loss by THEFT of jewelry, watches, and furs?
- The Coverage C special sublimit for theft of FIREARMS on a standard homeowners policy is approximately:
- Loss assessment coverage under an HO-6 condominium policy is designed to pay for:
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against California Personal Lines Insurance License Exam · How we review