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