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