Are renters in Haymarket required to buy renter's insurance?
The Commonwealth of Virginia does not require that renters in Haymarket to pay for renter’s insurance. 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 rental 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 source for property owners in Haymarket
- Before you put a renter in your rental in Haymarket
- Collections and evictions
- Communications with the tenant
- During the lease term
- 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 property manager handles utilities
- How Nesbitt Management finds renters
- Insurance matters for rental investors using our property management
- How Nesbitt Management handles keys
- Haymarket landlord responsibilities
- Maintenance, repairs & inspections for your rental property in Haymarket
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When owners don't yet know their new address
- Vetting renters in Haymarket