When should I get insurance?

[Patricia Mclean]

Hi BP I am in the process of doing a subject to deal and will be doing a lease purchase with a tenant buyer. My question is the owners current policy will expire the first of November.  What type of policy should I get for the home? I was thinking should I keep the owners name on the new policy seeing that the house is still in their name? Is it possible that I can add myself or my llc to the policy and if so would that present a problem with the lender?