Add-on provider adds landlord pet damage policy to portfolio

Add-on insurance provider Alps has added a new landlord pet damage policy to its portfolio.

The policy, called Not for Lions, aims to deliver protection for landlords under the new reforms proposed by the Renters’ Rights Bill.

Under the Renters’ Rights Bill, which is expected to receive royal assent in spring 2025, tenants will be provided additional rights to keep pets in rental properties.

Landlords will be able to request that tenants cover the cost of any insurance to cover damage to the rented property that a pet may cause.

Not for Lions can be an add-on to new and existing building and content insurance and will offer cover for pet damage up to an aggregate of £5,000 per period of insurance.

Michelle O’Reilly, managing director at Alps, said: “This is a fantastic addition to our broad range of add-on policies.

“It’s an important product, providing protection and peace of mind at a level affordable to most tenants.”

Partnership

Not for Lions was developed by ancillary insurance provider Addept Insurance with capacity from The Salvation Army General Insurance Corporation (SAGIC).

Richard Finan, managing director at Addept, said: “Alps shares our commitment to providing innovative add-on solutions that exceed customer expectations both in terms of value and service.

“We are delighted to partner with them, ahead of the implementation of the new Renters’ Rights Bill, to bring this exciting new product to market addressing the current protection gap for landlords in accessing dedicated pet damage cover at a cost that is affordable to tenants.”