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2019 SESSION

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HB 2304 Virginia Residential Landlord and Tenant Act; landlord may obtain insurance for tenant.

Introduced by: James A. "Jay" Leftwich | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Landlord and tenant; renter's insurance obtained by landlord on behalf of tenants; notice of waiver of subrogation provisions. Requires a landlord that has obtained renter's insurance coverage on behalf of his tenants to include, as part of the summary of the insurance policy or certificate evidencing the coverage as currently required by law, a statement regarding whether the insurance policy contains a waiver of subrogation provision. The bill provides that any failure of the landlord to provide such summary or certificate, or to make available a copy of the insurance policy, shall not affect the validity of the rental agreement.

SUMMARY AS INTRODUCED:

Virginia Residential Landlord and Tenant Act; disclosure of relationship between landlord and insurance company. Requires a landlord, prior to the execution or renewal of a rental agreement, to provide a written disclosure to a tenant in cases where (i) there exists a business or financial relationship between the landlord and any insurance company (a) providing to the landlord any insurance coverage that under current law the landlord may require as a condition of tenancy or (b) referred by the landlord to a tenant to obtain such insurance coverage and (ii) any such coverage contains a waiver of subrogation provision. The bill defines the term "business or financial relationship."