Are renters in Springfield required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in Springfield to obtain renter’s insurance. However, our leases require that renters purchase renter’s insurance to cover losses of the tenant's personal property due to theft, fire, renter 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.
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- Before you rent out your rental in Springfield
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- During tenancy
- End of tenancy and what happens when a tenant breaks the lease
- How does the property owner get paid?
- How your property management company handles the association and your community
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- How Nesbitt Management finds renters
- Insurance matters for owners using our property management
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- The move-in inspection
- Property management information form
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- Starting our management of your rental investment
- When landlords don't yet know their new address
- Vetting tenants in Springfield