Are renters in Timberville required to obtain renter's insurance?
The Commonwealth of Virginia does not require that renters in Timberville to buy renter’s insurance. However, leases prepared by our property managers require that tenants 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 property. 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.
Landlord Reference
a handy source for rental investors in Timberville
- Before you move a tenant into your rental property in Timberville
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of tenancy 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 rental manager handles utilities
- How we find renters
- Insurance matters for rental investors using our rental management
- How Nesbitt Management handles keys
- Timberville property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Timberville
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When owners don't yet know their new address
- Vetting renters in Timberville