Extras include contents insurance, accidental damage, malicious damage, emergency assistance and legal protection.
Bruce Reid, its distribution director, said: “There continues to be an ever-increasing number of new landlords entering the residential lettings market, often looking to get a better return on their money than other investment vehicles can currently offer, alongside landlords adding to their existing rental property portfolios.
“We anticipate this sector will continue to attract more investors as the pension reforms announced by the Chancellor last year come into effect in April.
“For many, this will represent a sizeable portion of their life savings and so it is essential they protect their investment with the right insurance cover.”
Features of the new product include buildings cover worth up to £1m as standard, cover for up to five residential properties and cover for properties which are unoccupied for up to 60 days.
Select & Protect’s landlord insurance is underwritten by Aviva.