Are renters in Springfield required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Springfield to obtain a renter's insurance policy. However, our leases require that tenants pay for renter’s insurance to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the rental property. A’s insurance policy protects the rental dwelling 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 useful reference for property owners in Springfield
- Before you put a renter in your rental property in Springfield
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a tenant breaks the lease
- How does the landlord get paid?
- How your property management company handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for owners using our rental management
- How Nesbitt Management handles keys
- Springfield owner responsibilities
- Maintenance, repairs & inspections for your rental property in Springfield
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental property
- When owners don't yet know their new address
- Vetting tenants in Springfield