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