Owner Finance/Installment Agree/Mortgage/Insurance

[Donna Ansley]

I am currently buying a property in PA via an "Installment Agreement" Owner Financing and have confusion about how insuring the property should work. The owner has a small mortgage on the property and my insurance broker is telling me he can't insure it in a way that I would be covered. I figured the owner would continue carrying the insurance in their name until the time the property is paid for and I take title but my insurance agent has me concerned about 1. the current mortgage bank calling the note or having a problem with the insurance setup 2. if the insurance is needed heaven forbid someone sues or the place burns down only the owner will be covered and I may still be liable for damages?! Does anyone have any personal experience with this type of thing?

Thanks in advance, 
Donna