The Source has announced an addition to its Landlord Property Insurance Panel.

AXA joins current providers Amlin, Landlord’s Choice, RSA and Sentinel Landlord and Towergate.

The new product strengthens the panel and will provide cover of up to £1,000,000 Buildings Sum Insured, £60,000 Contents Sum Insured and up to £2,000,000 Property Owners Liability.

In addition, it offers “competitive” rates for higher risk tenant types, contents only and flats. Automatic cover includes malicious damage to either the building or contents by tenants as well as theft by tenants. Landlord rent guarantee and home emergency cover is also an available option.

Mick Cairns, the Source’s insurance director, said: “We are pleased to add AXA to our growing panel. We are committed to offering our brokers more choice to meet their customers’ needs in this increasingly competitive market.

“This product fits very neatly with our panel of blue-chip insurers in both our Landlord and Household offering.”