Are renters in New Market required to pay for renter's insurance?
The Commonwealth of Virginia does not require that renters in New Market to obtain a renter's insurance policy. However, our leases require that renters obtain a renter's insurance policy 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 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 archive for landlords in New Market
- Before you move a tenant into your rental in New Market
- Collections and evictions
- Communications with the renter
- During the lease term
- End of lease term and what happens when a renter breaks the lease
- How does the landlord get paid?
- How your management company handles the association and your community
- How your management company handles utilities
- How we find renters
- Insurance matters for rental investors using our rental management
- How Nesbitt Management handles keys
- New Market landlord responsibilities
- Maintenance, repairs & inspections for your property in New Market
- 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 New Market