Are tenants in Great Falls required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Great Falls to buy renter’s insurance. However, leases prepared by our property managers require that tenants buy a renter's insurance policy to cover losses of the tenant's personal property due to theft, fire, tenant negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental property from loss, but not the tenant’s personal property if it is damaged, destroyed or stolen. Please contact your insurance agent to let them know that you are putting your property into service.
Landlord Reference
a handy source for landlords in Great Falls
- Before you lease out your rental property in Great Falls
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of lease term and what happens when a renter breaks the lease
- How does the owner get paid?
- How your rental manager handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for landlords using our property management
- How Nesbitt Management handles keys
- Great Falls owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Great Falls
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When landlords don't yet know their new address
- Vetting tenants in Great Falls