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Paymentshield won't Quote!!!!

My friend has had a Landlord's Insurance with Paymentshield for 10years(No Claims)
He bought another house to rent out and rang them for a quote.
He was told they are not issuing new Policies at the moment as they are sorting out "Legality Wordings"
They gave him "Our Sister Company Towergate" Phone Number.
Paymentshield are advertising Landlord's insurance online!!!
Does anyone know anything about this?:question:

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    No. But if they won't quote.... shop around.
  • lemontree
    lemontree Posts: 893 Forumite
    I was wondering if Paymentshield had Financial problems!!!
  • kingstreet
    kingstreet Posts: 39,303 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I went in last night and did a Landlord's Insurance quote. There was no problem. Perhaps they are not taking direct business at the moment.

    The Riding family sold Paymentshield to Towergate a few years ago and it is not having any money troubles.
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
This discussion has been closed.
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