Are renters in Rotonda required to pay for renter's insurance?

The Commonwealth of Virginia does not require that tenants in Rotonda to buy a renter's insurance policy. However, leases prepared by our property managers require that tenants obtain renter’s insurance to cover losses of the tenant's personal property due to theft, fire, renter negligence, or if someone is injured at the rental dwelling. 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.