Posting for 4th time...Please help!!!!

[Curtis H.]

I have posted this in a few forums with no response, but I gotta keep trying as I don't want to make a huge mistake. So here we go again. And yes I have searched the forums, but these particular questions I haven't found answers for. 

I am about to get insurance on a property I picked up Sub2 that I ended up living in. I know that I should put myself as first insured and add the previous owner as an additional insured on the policy, but when the insurance company asks why and who is this person, what do I say?

Lastly, they are naturally asking for the mortgage company's information, loan number, etc. Do I willingly give that info to them as I don't really want them to send too many notifications to the bank?

Any advice is appreciated.

Thanks,

Curtis