Land Trust - who should be named on the insurance policy?

[Account Closed]

Hi Folks

Need your help please. 

On an investment property that's rented out, who is the owner of the insurance policy?

The structure of ownership is as follows:

Title to the home taken in the name of the land trust. So the title says something like '123 main st trust, John Smith trustee"

The beneficiary is a LLC.

The holding entity that owns the LLC is a Family Limited Partnership.

So there are three entities that flow down in ownership top to bottom. 

When taking an insurance policy out - who is named on the policy documents ? 

How is the policy written ? 

Thanks 

[Wayne Brooks]

The insured is the title holder, regardless of whether there is a mortgage.  No one other than the title holder, or mortgagee, has an insurable interest in the property, as far as I know.  I'm open to correction by an insurance person.