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A policy owner received a legal notice of cancellation on a $500,000 homeowners policy. The insurer failed to notify the mortgagee, which has a $200,000
A policy owner received a legal notice of cancellation on a $500,000 homeowners policy. The insurer failed to notify the mortgagee, which
has a $200,000 loan on the property. after a $350,000 property loss, how much would the mortgagee be paid?
O A. $150,000
0 B. $200,000
0 C. $350,000
D. $500,000
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