Quick-Sure Insurance Limited
Quick-Sure Insurance Limited is registered in Gibraltar, with an address at Ocean Village.
Although regulated by the Financial Services Commission of Gibraltar, the company is subject to only limited regulation by the UK's Financial Conduct Authority. The company also claims to be regulated by the Central Bank of Ireland's Conduct of Business rules.
Other UK regulators to which Quick-Sure lays claim are the:
- Data Protection Commissioner;
- Financial Ombudsman Scheme;
- Financial Services Compensation Scheme; and
- Motor Insurers' Bureau.
The last of these acknowledges the company's sole line of business in the provision of motor insurance policies - with the learner or younger driver specifically in mind. Thus, there are policies tailored to those learning to drive in the family car, learner drivers owning their car, parents looking for motor insurance for the family car and those aged 22 and over who are already in possession of a full driving licence.
Quick-Sure's motor policies are underwritten by ARB Underwriting Limited of Ireland, which is a wholesale insurance provider with headquarters in Dublin. ARB was established as a limited liability company in 1991 and deals principally in motor policies, travel insurance and commercial insurance.
Typically, landlords of buy to let property are looking for insurance that protects not only the value of their investment in a property and its contents, but also the potential loss of rental income and the business interruption this represents, together with other liabilities to which a landlord may be exposed.
It may be appreciated, therefore, that landlord insurance covers a wider range of risks - principally to a business - than conventional home insurance that might be arranged by an owner occupier. Indeed, the owner occupier thinking of letting out his or her home to tenants on a permanent basis may find that claims under a standard home insurance policy are no longer entertained.
Quick-Sure landlord insurance
As may be clear from the description of Quick-Sure's area of business, only motor insurance policies are offered. No landlord insurance is arranged by this company.
It may be of some interest, however, that Quick-Sure's Irish underwriters, ARB, have an arrangement with the major insurance group, AIG Europe Limited, for the provision of insurance cover for apartment blocks.
Elements of cover include:
- building insurance;
- loss of rental income - up to a limit of 25% of the building sum insured;
- contents of communal areas - up to €25,000 per block;
- cover from damage to landscaping - up to €15,000;
- tracing and accessing areas of damage - up to €25,000 per incident;
- change of locks;
- drain clearance;
- employer's liability - up to €13 million;
- public liability - up to €2.6 million; and
- management liability - up to €500,000.