APC adds new residential let product to QuoteMac

Commercial insurance underwriting agency APC Underwriting is launching a new residential let product on its broker on-line trading platform QuoteMac before Christmas.

Designed both for single properties and portfolios, APC said it provides an extensive range of cover as standard. In addition there is a wide variety of optional extensions available including accidental damage, legal expenses and rent guarantee.

The product provides cover for all types of tenants including the higher risk tenants such as DSS referrals and asylum seekers.

Commenting on the launch, APC’s underwriting director Ian Russell, said: “Residential property owners are an important market for brokers so we are delighted to be able to expand the portfolio of products on QuoteMac by launching this product. As usual we have worked hard to provide a comprehensive and competitive policy which is also very flexible.”

The new product involves a streamlined statement of fact proposal form and is issued with a comprehensive, easy to read policy wording and policy summary.

Russell added: “This launch and that of shopkeeper’s policy last month brings the standard number of products available on QuoteMac to 16, which makes our on-line broker trading system a market leader. Coupled with our philosophy of working closely with brokers to make their life easier, we are very confident of our continued success as we enter the 2008.”