Another name for a Lender Policy is

Another name for a Lender Policy is

• A. Mortgagee's policy
• B. Owner's policy
• C. Title Insurance policy
• D. Hazard policy

Answer: (A)

The lender’s title protection is titled to the mortgagee, meaning it protects the lender’s security interest in the property up to the loan amount. This specific lender-focused title insurance is best called a Mortgagee’s policy. It’s a type of title insurance, but issued to the lender rather than the owner, so it’s distinct from an Owner’s policy that protects the owner’s own equity. The broader term Title Insurance policy covers either type of protection, while Hazard policy refers to hazard or homeowners insurance, which covers perils like fire or wind, not title defects.

The lender’s title protection is titled to the mortgagee, meaning it protects the lender’s security interest in the property up to the loan amount. This specific lender-focused title insurance is best called a Mortgagee’s policy. It’s a type of title insurance, but issued to the lender rather than the owner, so it’s distinct from an Owner’s policy that protects the owner’s own equity. The broader term Title Insurance policy covers either type of protection, while Hazard policy refers to hazard or homeowners insurance, which covers perils like fire or wind, not title defects.