Quote:
Originally Posted by Waxing_Gibbous
Thanks, Louwai for a very useful post!
A couple of questions:
Is Youi an insurer in and of itself or is it underwritten by another comapany?
What are they like at paying-up, if you know?
The paying-up always seems to be the problematic bit with discount insurers.  |
Peter,
Have not made a claim with Youi, but I have with other "discount" insurers. These claims were for my motorcycle, not astro gear.
I had my motorcycle insured with E-bike Insurance. The premium was
$900 per year LESS than SUNCORP or NRMA etc. I made a claim for $1950 & they were exceptional. 1 quote from my choice of repairer & they approved it within 36hrs.
Unfortunately after 4yrs E-bike withdrew their motorcycle insurance fromt the Australian market. But they continue with E-car & other insurance.
THe bike is now insured with Qld Teachers Credit Union Insurance. The annual premium is very similar to what E-bike was. They also have approved a $2500 claim very quickly on 1 quote from my choice of repairer. (1 x not at fault, & 1 x at fault)
Also,
I note that when Astro gear is covered under general household insurance you are subject to the standard of $3k max per specified item, & sometimes limited to how many specified items can be claimed at 1 time.
The cover I have is for 100% replacement at the specified value of any or all of the items. My SDM 20" is well over $15k as a single item + if someone picked up 1 of my EP cases they'd be walking away with $3k to $4k of EP's. Not just 1 EP @ say $500.
Or the next level, if someone decided to hook up my trailer & drive away with it, there goes the lot & they probably wouldn't even know they've got it as they were probably just trying to steal the trailer.
This is why I have tried to get away from the "typical" contents insurance cover.