Property Insurance
Do banks care if the property insurance "insured person" is not the mortgage holder. For example, if I (John Doe) bought a property, can I have (1234 Main Street LLC) as the insured on the proof of insurance document? The bank is of course the Mortgagee and would get paid if the house burned to the ground. Will this work?
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Just make sure the "owner", person, LLC, Trust, etc... is the first-named insured. The first-named insured is the entity that is primarily protected. The mortgaee is protected in their interest as well, but the first-named insured is the primary beneficiary...