The revamped product boasts several new cover features included as standard in addition to widening the policy acceptance criteria.
New cover features included as standard:
• Accidental damage to locks or theft of keys to the insured property
• Unauthorised use of metered electricity, gas or water
• Damage to gardens caused by attending Emergency Services
• Loss of metered water following damage to the buildings
• Landlord’s contents in communal areas (applicable where Contents cover has been selected).
A new helpline service, Eurolaw Legal Helpline, is available to the landlord 24/7 providing professional advice on personal legal and tax matters. All advice is free and confidential.
The Home Emergency Helpline service offers advice and access to approved tradesmen in emergency situations.
Paymentshield has also expanded its acceptance cover into a wide range of tenancy arrangements, including:
• Students
• Persons who fund their rent through the Benefits Agency
• Multiple occupancy (up to six tenants per property)
Paymentshield insurance director Neil Galjaard said: “We believe the buy-to-let marketplace will continue to expand and so we asked our brokers what features clients wanted included in their landlord policy.
“We incorporated that feedback into our improved policy offering as well as continuing to offer up to 30% No Claims Discount on both Buildings and Contents covers. We are delighted that the policy improvements has seen it awarded a 4 star rating from Defaqto, the independent financial research agency.“
