The product is exclusive for brokers to offer buy-to-let customers and landlords and is underwritten by Ageas Insurance
The provider is also offering brokers the chance to win an iPad 2 each time the company is used to provide clients with a policy.
Shane Craig, managing director at Paymentcare, said: “This is a product which directly reflects the needs of brokers wanting to make hay while the sun shines on the buy-to-let sector.
“It is bedroom rated and so is quick and easy for brokers to quote at the point of sale. Once brokers have registered, agency applications are normally approved within hours on the same day.”
The policy provides £500,000 of building cover, contents cover up to £40,000 and allows variable excess and monthly paid premiums at no extra cost.
