Addept Insurance Services has agreed a capacity deal with The Salvation Army General Insurance Corporation Limited for its tenant pet damage protection insurance for landlords, called Not for Lions. The deal was arranged through independent underwriting agency, Strategic Insurance Services.

The cover seeks to add choice to the tenant pet insurance market. The Renters' Rights Bill, currently going through Parliament, seeks to improve tenants’ rights to keeping pets in rental properties. The landlord will be able to ask tenants to pay for the cost of insurance bought to cover potential damage caused by pets.

Richard Finan, managing director of Addept Insurance, said: “This product co-manufacturing partnership further demonstrates Addept Insurance’s ability to leverage our expertise and market knowledge with experienced partners and capacity providers to deliver innovative products that directly respond to the changing risk and regulatory environment in today’s insurance market.”

Christian Freer, director at Strategic Insurance, added: “We are excited to be working with Addept to offer brokers and their landlord clients access to an important addition to the landlord property insurance market portfolio that responds directly to the new Renters’ Rights Bill.”