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No,, Under the loss payee clause the Note holder is declared. The note or lien holder always holds first position for renumeration. It does not effect a lapsed policy.

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What is wet risk endorsement clause?

A wet risk endorsement clause is an addition to an insurance policy that specifically covers risks associated with water-related incidents, such as flooding or water damage. This clause broadens the coverage to include losses that might not be covered under a standard policy, addressing concerns for properties in flood-prone areas or those with significant water exposure. It typically requires additional premiums or specific conditions to be met for coverage to apply.


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What type of insurance coverage is available for a baby after birth?

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Related Questions

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