PLOhiomedium
Under the Ohio Standard Fire Policy at R.C. 3929.27, which statement about mortgagee rights is correct?
AThe mortgagee has no independent right to collect if the insured's act voided coverage.
The mortgagee's interest is protected even if the insured's act would otherwise void coverage.
CThe mortgagee must be added by a separate policy rather than by endorsement under the same contract.
DThe mortgagee may only collect after the insured signs a release of all claims against the insurer.
Why this is the answer
R.C. 3929.27 incorporates the standard mortgage clause: the mortgagee's interest is not invalidated by the insured's acts, neglect, or breaches of policy condition. The mortgagee retains a direct, independent claim against the insurer.
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