mortgagee policyglossary / MORTGAGEE POLICY mortgagee policy. A title-insurance policy that covers only the mortgagee’s title and not the owner’s title. Cf. OWNER’S POLICY. [Cases: Mortgages 201. C.J.S. Mortgages §§ 311–314.] 词条贡献者 双语律师Peter,毕业于法国一流的高级翻译学院,擅长翻译涉及基础建设领域的法律文件。