Which clause in a property policy protects the lender's financial interest and ensures payment to the mortgagee when required?

• A. It protects the lender's financial interest and ensures payment to the mortgagee when required by the policy.
• B. It reduces the insured's deductible for mortgagee claims.
• C. It excludes losses covering mortgagee damaged property.
• D. It increases the policy limits for borrower convenience.

Answer: (A)