Are renters in Franconia required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Franconia to obtain a renter's insurance policy. However, leases prepared by our property managers require that renters obtain renter’s insurance 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 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 free reference for property owners in Franconia
- Before you put a renter in your investment in Franconia
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the property owner get paid?
- How your property manager handles the association and your community
- How your management company handles utilities
- How Nesbitt Management finds renters
- Insurance matters for owners using our rental management
- How Nesbitt Management handles keys
- Franconia landlord responsibilities
- Maintenance, repairs & inspections for your rental property in Franconia
- 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 renters in Franconia