Paymentshield has announced a significant number of enhancements to its Landlord’s Insurance product and confirmed it will now carry a Five Star Defaqto rating.

There impressive suite of changes, introduce a more comprehensive product underwritten by a panel of leading insurers, an increase in buildings cover up to £1million, new contents options of £10,000, £20,000, £30,000, £40,000 and £50,000. Inner limits have been removed, such as those for individual items or contents in the communal areas. It also now accepts policies for properties that have been unoccupied for more than 90 days, or are undergoing renovations at the beginning of the contract.

The new product now accepts landlord cases from limited companies and there are also three new optional extra products – Legal Expenses, Landlords Emergency and Rent Guarantee – to complete the landlords offering and cater for most eventualities.

James Watson, sales director at Paymentshield, said: “In an ever-changing market, we continue to look for ways we can evolve our overall proposition and provide advisers and their clients with more choice so that insurance can be tailored to meet specific needs.

“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.

For more information about Paymentshield’s new and improved Landlord product visit www.paymentshieldadvisers.co.uk or contact your account manager on 0345 0615 700.