SUBJECT TO-Home Owner Insurance

[Benjamin Misner]

On a SUBJECT TO, since the deed has been transferred over you, do you need to get home owners insurance? Or should you be added as "additional insured" on the property with the person who keeps mortgage in their name? Or is it standard to have a "non-owner occupied landlord policy"? 

Also, the person you signup on a lease option, do they have to get insurance as well? 

Thanks.