It is no different than a loan company requiring insurance on your house or car.As @Dawn Brenengen said, require that they put you down as additional insured.

Thank you for the replies.What type of additional services can one expect?

Also, you may want to have them quote an umbrella policy to give you additional Liability coverage. 

Additionally - this would be our very first investment property that happens to be out-of-state as well. 

We didn't want to over-leverage but we also didn't want to tie up all of our funds when they could be used to acquire multiple properties.

But it's best to jump in feet first.One thing that's helped - I've been able to grow our organizers by three additional people - we have a US / Korea Liason, a bilingual research analyst, and another coordinator.

Additionally, the national debt is becoming a thing.

As you can see in the photos, I placed stepping lumber so I dont fall, in addition to tethering myself to an anchor in the roof.

Essentially at that moment you own them outright and could sell them without additional tax. 

Yes, insurance should be in the LLC's name in this instance and you should also have yourself as an individual and "yourself, Member" listed as additional insureds.