Are tenants in Broad Run required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in Broad Run to obtain a renter's insurance policy. However, leases prepared by our property managers require that renters pay for 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 property. 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 handy archive for rental investors in Broad Run
- Before you rent out your rental property in Broad Run
- Collections and evictions
- Communications with the tenant
- During tenancy
- End of lease term 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
- How your rental manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for rental investors using our rental management
- How Nesbitt Management handles keys
- Broad Run owner responsibilities
- Maintenance, repairs & inspections for your rental property in Broad Run
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When landlords don't yet know their new address
- Vetting tenants in Broad Run