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The insurer's obligation to the named insured owner is generally the value of the loss limited to the owner's insurable interest. (Photo: iStock) The insurer’s obligation to the named insured owner is generally the value of the loss limited to the owner’s insurable interest. (Photo: iStock)

Analysis brought to you by the experts at FC&S Online, the recognized authority on insurance coverage interpretation and analysis for the P&C industry. To find out more — or to have YOUR coverage question answered — visit the National Underwriter website, or contact the editors via Twitter: @FCSbulletins.

Question: We have a situation on a property claim that we filed on behalf of the mortgage company after a fire; the carrier paid $89,000. But they mailed it to the City of Hartford, Conn., because there were open third-party liens. Now, the mortgage company is asking what can we do to get those funds from the City. Are there any options? The mortgage company was not aware of said liens. Does the city have the right to funds over the servicer/mortgagee?

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