Home insurance provider Paymentshield has announced the addition of LV= to its tenants’ contents panel.

LV= joins AXA, UK General and RSA on the panel.

In addition to providing cover for the tenant’s personal belongings, the policy also includes tenants’ liability insurance which protects the policyholder should they need to cover the cost of any accidental damage to the landlord’s fixtures and fittings.

Louise Pengelly, proposition director at Paymentshield, said: “LV= makes a valuable addition to our now four-strong tenants’ contents panel, which continues to go from strength to strength. We know that the home has taken on renewed importance in light of lockdowns and remote working, making it even more important for customers to have the correct protection in place.

“With every strategic partner that joins our panel, so too grows our collective ability to answer this challenge by delivering a better lettings proposition to market and providing a greater breadth of choice and competitive pricing that benefits renters and distributors alike.”

Jon Santer, head of underwriting (home) at LV=, added: “We’re excited to be joining the tenants’ contents panel, expanding our product offering with our trusted partner. This provides a fantastic opportunity to provide greater access to insurance and increased choice for the rental market.

“We look forward to being there for our new customers in their time of need and working closely with Paymentshield to develop the proposition going forwards.”