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