Everything listed under: property insurance

  • Loss Payee on Mortgage

    My client sold a business holding back a mortgage. The mortgagee's insurance acknowledged in writing that my client had a first mortgage on the property. When the property was later damaged the insurance issued the check to the mortgagee without naming my client as a payee. The mortgagee cashed the check but did not make repairs. Is my client a 3d party beneficiary to the insurance contract and can I sue the insurer for bad faith?   Read More...