Financial Services & Restructuring Communiqué

A pen sits over top a budget sheet

October 19, 2022

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Insurance protection for secured lenders

Jenna Zaleski, David Reynolds, Kenneth R. Rosenstein

Insurance certificates often provide that a debtor’s secured lenders are an “additional insured” and/or a “loss payee” on the debtor’s insurance policies without the statement that the lender is a “mortgagee” with a “standard mortgage clause.”  These key words need...

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