Are tenants in Broad Run required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Broad Run to buy renter’s insurance. However, our leases require that tenants pay for renter’s insurance which pays for 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 renter’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 Broad Run
- Before you put a renter in your investment in Broad Run
- Collections and evictions
- Communications with the renter
- During tenancy
- End of lease term and what happens when a renter breaks the lease
- How does the landlord get paid?
- How your property management company handles the association and your community
- How your property management company handles utilities
- How we find renters
- Insurance matters for owners using our property management
- How Nesbitt Management handles keys
- Broad Run property owner responsibilities
- Maintenance, repairs & inspections for your property in Broad Run
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When property owners don't yet know their new address
- Vetting renters in Broad Run