Are renters in Broad Run required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in Broad Run to pay for renter’s insurance. However, leases prepared by our property managers require that tenants purchase a renter's insurance policy to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the 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 handy reference for landlords in Broad Run
- Before you rent out your rental property in Broad Run
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a tenant breaks the lease
- How does the owner get paid?
- How your property management company handles the association and your community
- How your property manager handles utilities
- How Nesbitt Management finds tenants
- Insurance matters for owners using our rental management
- How Nesbitt Management handles keys
- Broad Run landlord 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 rental investment
- When property owners don't yet know their new address
- Vetting renters in Broad Run