When taking a house throught a Land Trust subject to.

I had a question about taking out a new insurance policy naming the trust/trustee as insured, and trust/trustee/lender as loss payee. So if I created a trust and name it 123 main street/ Joe trustee as trustee /Joe lender as lender.
On the new policy it would read 123 main street/ Joe trustee as insured, and 123 main street/ Joe trustee/Joe lender as loss payee . Is this correct ?