Are tenants in Penn Laird required to purchase renter's insurance?

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