Mortgage News
Paymentshield adds limited company cover to landlord insurance
Paymentshield has overhauled its landlord insurance policy to include cover for limited company arrangements.
The insurer has increased building cover to £1m and will now accept properties that have been unoccupied for more than 90 days or are undergoing renovations at the beginning of the contract.
It has also made a series of changes to contents coverage and will insure asylum seekers as standard.
Three new add-on products have been launched to cater for most eventualities, it added – Legal Expenses, Landlords Emergency and Rent Guarantee.
Paymentshield sales director James Watson (pictured) said: “We’ve made several changes to our Landlord product to bring it right up to the level of our home insurance product, and to a level that advisers can be proud to recommend to their clients.
“There has been a simplification of the product to make things much easier for the adviser and to ensure that the end customer is properly protected.”
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