Are renters in Riverton required to obtain renter's insurance?

The Commonwealth of Virginia does not require that renters in Riverton to purchase renter’s insurance. However, leases prepared by our property managers require that renters obtain 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 landlord’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.