Youi Landlord Insurance Review

Youi landlord insurance is good for choice and some extra perks but it’ll cost you more if you want to pay monthly.

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Our Verdict

  1. Youi is good for its flexibility. You can choose your own excess, get covered for loss of rent default for up to 12 months and policies are tailored to meet your needs.
  2. Youi landlord insurance comes with cover for counselling costs if you need support after a claim — not many other insurers do this.
  3. It's cheaper to pay annually. A handful of insurers we looked at allow you to pay monthly at no extra cost.

Review by our insurance writer Gary Hunter

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Name Product Fire, Storm & Theft Damage Tenant Default and Damage Loss of Rent Accidental Damage to Home or Belongings Flood
Youi Landlord Insurance
Yes
Cover for investment property from fire, theft and numerous weather events.
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What cover options does it have?

  • Building Only Insurance. Cover for your home or building, this includes pipes, cables, ducting, wires, switches, meters, fixed appliances, carports, patios, paved paths, driveways and other permanent fixtures (pools, spas, etc).
  • Contents Only Insurance. Covers contents owned by you as the landlord or that you're responsible for, including carpets, curtains, blinds, furniture, furnishings, non-permanent light fittings, removable domestic appliances and utensils.
  • Combined Home and Contents Insurance. You can combine both policies for complete protection of your home and its contents.

How does each cover type compare?

BenefitsBuildingContents
Theft
Fire and explosions
Storm
Accidental broken glass and ceramics
Earthquake
Escape of liquid
Impacts
Intentional damage
Alternative accommodation
Burnout of electric motors
Locks and keys
Landlord's loss of rent
Landlord furnishings
Clean up and professional fees
Emergency repairs
Building modifications
Contents outside
Contents in transit
Cover while you move
Tenant's liability
Legal liability

What additional cover options are there?

  • Tenant default or damage. Should your tenant leave without notice, be legally removed, default on rent or cause any intentional damage, this additional cover can protect you against loss of rent for up to 15 weeks. It should be noted that there are strict conditions that need to be met for this claim to be successful.

What exclusions are there?

There are certain exclusions to be aware of that may cause your claim to be rejected. Generally, you will not be covered for:

  • Wear and tear or deterioration on old property or contents.
  • Deliberate damage to your property or contents by you or someone else with your permission.
  • Dodgy workmanship or faulty designs and defects.
  • Damage from the application of heat (for example, installing laminate).
  • Actions of the sea or earth movements.
  • Chemical damage from cleaning.

Your policy will have full details on exclusions, so be sure to read the fine print and if you have any further questions, get in contact with Youi directly.

What excess do I need to pay?

If the worst should happen and you need to make a claim, you will often be required to pay an excess (unless otherwise outlined in your policy) for each claim you make. For example, if a fire damaged your house you would need to claim for the damage and pay an excess. If the house was unusable, you could claim for loss of rent. Your excess amount for each claim will depend on your level of cover and the sum you're claiming.

How do I make a claim?

Once you have dealt with the situation, and you and any other household members are safe, try to contact Youi as soon as possible so that they can assist you in the claims process.

You can lodge a claim either by phone or online.

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