According to the standard mortgage clause, who has the right to bring a suit to recover damages and submit proof of loss?

The correct choice is the mortgagee because, under the standard mortgage clause, the mortgagee (lender) holds specific rights pertaining to the insurance policy that protects the property secured by their loan. This clause ensures that the interests of the mortgagee are safeguarded, allowing them to file a claim for damages when the property is damaged or lost.

In instances where the property suffers a loss, the mortgagee has the right to bring forth a suit to recover damages and submit proof of loss directly to the insurance company. This is crucial because, without this ability, the mortgagee might not be able to recover their financial interest in the property, which could result in significant losses for them, especially if the policyholder does not or cannot act on their own.

The policyholder, while the insured party, does not have the claim rights under the mortgage clause; instead, their interests are protected by the mortgagee's ability to act on the insurance policy. The insurance company is responsible for providing coverage and processing claims, but it does not inherently have the right to bring suits under the mortgage clause. The governor has no role in matters related to claims or damages concerning insurance policies and mortgage relationships. Thus, the mortgagee's rights and powers as defined in the