Are renters in Chester Gap required to obtain renter's insurance?

The Commonwealth of Virginia does not require that tenants in Chester Gap to buy renter’s insurance. However, leases prepared by our property managers require that tenants pay for 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 property. An owner’s insurance policy protects the rental 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.