Are tenants in Chain Bridge required to obtain renter's insurance?
The Commonwealth of Virginia does not require that tenants in Chain Bridge to obtain 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, renter negligence, or if someone is injured at the property. A’s insurance policy protects the property from loss, but not the renter’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
a useful archive for property owners in Chain Bridge
- Before you put a renter in your rental in Chain Bridge
- 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 landlord get paid?
- How your property manager handles the association and your community
- How your property management company handles utilities
- How Nesbitt finds tenants
- Insurance matters for owners using our property management
- How Nesbitt Realty & Management manage keys
- Chain Bridge owner responsibilities
- Maintenance, repairs & inspections for your rental investment in Chain Bridge
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When owners don't yet know their new address
- Vetting tenants in Chain Bridge