Paymentshield enhances content cover for tenants

Paymentshield has added pet damage cover to its tenants’ contents insurance product. The move is to support expected changes in the law as a result of the forthcoming Renters’ Rights Bill. Landlords will no longer be able to unreasonably refuse tenants keeping pets at their property, so long they have insurance for damage caused by the pet.

Rana Ali, director of distribution for lettings at Paymentshield, said: “The long-awaited Renters’ Rights Bill is set to reshape the private rental sector. Our team has been working hard to ensure that we’re well-placed to support both tenants and landlords throughout this time, and the changes to our tenants’ contents insurance policy reflect this.

“Our updated policy means tenants will already have the cover in place to meet any stipulations from the landlord, making the addition of a pet to the house possible and providing peace of mind for both parties.”


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