Products: Paymentshield updates its online system

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This will include offering intermediaries a choice of household insurance quotations from a panel of insurers.

In particular, the company’s current home insurance product for both new and existing customers will see an increase in contents sum, as well as the introduction of a single stage complaints process.

Tim Johnson, chief executive of Paymentshield, admitted that the system needed improvement and said there would be a series of changes made to its products.

He commented: “We strongly

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