Mortgage Insurance query

Hi Everyone

I’m in the midst of my first wrap and wondering about whether or not I should be getting morgage insurance and then paying the stamp duty on that.

This wrap is going to be flipped too in that the settlement date for my purchase will be the same day that the wrappe takes possession. I’m not ‘owning’ it for any period where there is no wrappee involved.

What do most people do about mortgage insurance in this case?

Thanks for all inputs
Jen