Accidental landlords boost insurance sector

The distributor has added insurer Modus to its landlord panel, alongside AXA, Legal & General, Royal & Sun Alliance and Towergate.

Amanda Fox, proposition and insurer relations director at Paymentshield, referred to figures from the National Landlords Association, saying accidental landlords make up one in four properties in the private rental sector.

“The rise of accidental landlords has led to a huge rise in demand for these products,” she said.

“Modus joining our panel at this point in time strengthens our offering to this market, which we hope will give mortgage advisers more confidence in the quality of our products, when liaising with clients.”

Fox added: “Modus is a very welcome addition to the landlords insurance panel, offering a quality product that sits well in our portfolio. We’re certain that our work with Modus will blossom into a successful working relationship.”

Paymentshield is also starting a campaign to ‘Bring Back the Conversation’, focusing on encouraging more conversation both personally and professionally. It wants to highlight the importance of brokers talking to clients about their insurance needs.