Hello...my name is XXXXX XXXXX I am a Certified Public Accountant. I look forward to assisting you with your question.
The best option under this circumstance is to write the policy in the name of the individuals and list the trust as an additional insured. In this case, the individuals still get the broad liability coverage everyone needs. Also, the liability provided for the trust is limited to the premises covered by the policy.
The home owners insurance company should also be familiar with the best way of insuring properties held in the name of a trust since this has become a common occurrence over the last 10 years.
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This house is a rental property for me
does the bank need to have that info as well