1. The mortgagee clause in a homeowners or dwelling policy protects:

The lender's interest in the insured property

The mortgagee clause protects the lender's financial interest in the insured property and gives the lender certain rights under the policy.

2. Ordinance or law coverage helps pay:

The increased cost of rebuilding to meet current building codes

Ordinance or law coverage pays the added cost of rebuilding to comply with current building codes after a covered loss.

3. An inflation guard endorsement on a homeowners policy:

Automatically increases the coverage limits over time to keep pace with rising costs

An inflation guard endorsement gradually increases the policy limits to help keep coverage in line with rising replacement costs.

4. A liability claim arising from the insured's regular business activities is generally:

Excluded under the homeowners liability section

Homeowners liability generally excludes claims arising from the insured's business pursuits, which require separate coverage.