Quitclaim, as the term conveys, stands for quit+claim. It does not assure you of property title but brings in interest that grantor hold in a property. It includes all the rights that he possesses over a property, whether it is ownership or possession. It is risky for buyers to accept such deed, a sit brings no warranties. The grantor only quits his claim, which means that whatever his share is, whether it is less or more, would be yours.
It becomes difficult to get issued title insurance too, as companies do not give it on the basis of Quitclaim. That is why, it is considered least protective for buyers. Your rights completely depend upon the grantor, if he owns a good title then you may be benefitted, as this deed would bring in all his rights to you.
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