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