PropTech referencing firm inks new deal with insurance provider

Insurance provider Paymentshield and rental referencing firm Goodlord have teamed up for a second five-year partnership. 

Under the agreement, the PropTech firm will maintain its status as a Paymentshield partner and distribute tailored products for tenants, including contents and liability insurance. 

Tom Mundy, Goodlord’s chief operating officer, says: “We have our sights set on becoming the UK’s biggest referencing business and to do so, we need to be supporting letting agents, landlords and tenants with market-leading products and services. 

“Paymentshield fits that bill by not only providing a high-quality product with an unrivalled panel of insurers, but also by backing it up with exceptional service.”

And James Watson, sales director at Paymentshield, adds: “Goodlord truly understands the lettings market, as evidenced in its outstanding growth rate over the course of its relationship with us. By leveraging our innovative tech systems and API capabilities, this partnership has been able to enhance relationships between letting agents, landlords and tenants and ultimately, to deliver greater value.

“Like Goodlord, we have grand ambitions to grow our foothold in the lettings market and to continue helping insure customers that have traditionally been underserved. We believe that this partnership is a true alignment of values that will see both firms realise their growth goals.” 

In January this year Paymentshield added LV= to its tenants’ contents insurance panel alongside AXA, UK General and RSA.