Are renters in Timberville required to buy renter's insurance?
The Commonwealth of Virginia does not require that tenants in Timberville to purchase a renter's insurance policy. However, leases prepared by our property managers require that renters pay for 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 property. A’s insurance policy protects the rental dwelling 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 handy reference for landlords in Timberville
- Before you put a renter in your rental in Timberville
- 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 property owner get paid?
- How your rental manager handles the association and your community
- How your rental manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for owners using our rental management
- How Nesbitt Management handles keys
- Timberville landlord responsibilities
- Maintenance, repairs & inspections for your property in Timberville
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental
- When property owners don't yet know their new address
- Vetting renters in Timberville