Insurance on seller financed deal???

[Brandon Hicks]

First post.....Im a buy and hold guy in NE Indiana and basically follow the biz model of buying on land contract and then later refinancing with a small bank. I currently have 19 units.

My question is this.....

I basically have a verbal agreement with a guy to buy a duplex that has a VA loan on it with a escrow account by wrapping it with a land contract. Ive never had to deal with the underlying financing having an escrow involved. Taxes arent an issue since I can just reimburse the seller when due but how do I get the insurance on the property in my LLC's name without us double insuring the property?

Seller was told by Quicken that he had to have a escrow account BTW