Are renters in Luray required to pay for renter's insurance?
The Commonwealth of Virginia does not require that tenants in Luray to pay for a renter's insurance policy. However, leases prepared by our property managers require that tenants pay for 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 dwelling. A’s insurance policy protects the rental dwelling 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 useful source for rental investors in Luray
- Before you rent out your property in Luray
- Collections and evictions
- Communications with the renter
- During tenancy
- End of lease term and what happens when a renter breaks the lease
- How does the rental investor get paid?
- How your rental manager handles the association and your community
- How your property manager handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for landlords using our property management
- How Nesbitt Management handles keys
- Luray owner responsibilities
- Maintenance, repairs & inspections for your property in Luray
- 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 Luray