Are tenants in Triangle required to purchase renter's insurance?
The Commonwealth of Virginia does not require that tenants in Triangle to obtain renter’s insurance. However, our leases require that tenants purchase renter’s insurance which pays for 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 property 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.
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Landlord Reference
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- Before you lease out your property in Triangle
- Collections and evictions
- Communications with the renter
- During the lease term
- End of lease term 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 we find renters
- Insurance matters for property owners using our property management
- How Nesbitt Management handles keys
- Triangle property owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Triangle
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your rental investment
- When landlords don't yet know their new address
- Vetting tenants in Triangle