Paymentshield has launched a rolling subscription model for tenants to pay for contents cover on a monthly basis. The aim is to make it easier for tenants to match their period of insurance to their rental agreement and to offer a different option than annual policies.

Rana Ali, director of distribution for lettings at Paymentshield, said: “We know that tenants are more transient than homeowners and as a result, flexibility is incredibly important in the products and services they buy.

“We also know that the number of people renting in the UK is rising. We’re really proud to launch our new rolling product, which meets the needs of the rental market and means tenants are not tied into an annual contract.

“Hopefully, we're making it easier than ever for tenants to access the protection they need and helping to chip away at the insurance black hole that does still exist in the rental market.”

Share Story: