Insurance and Joint Venture Deals

[Jason Walkowicz]

I have a Joint Venture agreement between my LLC and an individual for a rental property that we are acquiring. It is outlined in the JV agreement that the property will be held in the name of my LLC.

My insurance man is telling me that my JV partner can't be listed on the insurance because according to him he has no equitable interest in the property?

How are you guys handling this scenario when insuring your joint venture acquired properties.