Youi Landlord Insurance Review

Get landlord insurance quotes from Youi

Name	Product	Tenant Default and Damage	Loss of Rent	Accidental Damage	Sum Insured Safeguard	Cooling-off Period	Cheapest way to pay
Youi Landlord Building and Contents Insurance		Optional	The reasonable rental amount for up to 12 months			20 days	Annually	Cover for investment property from fire, theft and numerous weather events.	Get a quote View details	Compare	loading Fetching your data...
Youi Landlord Building Insurance		Optional	10% of the buildings sum insured			20 days	Annually	Get a quote View details	Compare	loading Fetching your data...
Youi Landlord Contents Insurance		Optional	$2,000 per month			20 days	Annually	Get a quote View details	Compare	loading Fetching your data...

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What does Youi landlord insurance cover?

• 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.

Here's some of the main insured events it can cover you for:

Youi policies come with a 20-day cooling off period which is the industry standard and like all insurers, you'll need to pay an excess when you make a claim. There are three excesses you might need to pay: a basic excess, an additional excess and an unoccupied excess (e.g. when your home has been unoccupied for more than 60 days.)

Youi landlord insurance features

Youi landlord insurance complaints

We looked at home insurance complaint data from the Australian Financial Complaints Authority (AFCA) between July to December 2020. The data explores different underwriters and compares their business size to the number of complaints processed.

When comparing insurers, keep in mind that those with a larger market share serve more customers so can potentially get more complaints. Here's an overview of how Youi stacked up against other insurers.

• Youi Pty Ltd only had 26 complaints, far less than other similar sized insurers, suggesting its good at providing a quality service.

• While it didn't get many complaints, Auto & General received slightly less complaints, so could provide a better customer service.

Bottom line about Youi landlord insurance

Youi landlord insurance is good if you want a policy that's tailored to your property and your needs. However, if you want to pay monthly, it will cost you more than paying for the full year.

If you're not yet ready to buy, you can compare other landlord insurance policies side-by-side here.

FAQs about Youi landlord insurance

• Who is eligible for a Youi landlord insurance policy?

  A Youi landlord insurance policy is designed for owner-occupiers or landlords with a financial interest in their property who may experience a financial burden should an event damage their home or legal liability arise. It's not generally suitable for:

  • properties that are not in an occupiable, liveable condition
  • affected by storm surge, landslip, subsidence, actions of the sea or tides, rising damp or ground water seepage
  • strata title properties
  • properties used as a hotel, motel or bed and breakfast accommodation
  • properties located in the Northern Territory, far north Queensland or northern Western Australia
  • not insured before purchasing insurance and you require cover for flood, storm or bushfire within the first 72 hours of cover starting

• How do I make a claim with Youi landlord insurance?

  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.

• What excess would I need to pay?

  It depends on what you are claiming for. In most cases, you'll only have to pay a basic excess. Youi also gives you the flexibility to choose your excess – many insurers charge you a fixed amount.

Youi landlord insurance reviews

If you've held or currently hold a Youi landlord insurance policy, we'd love to hear from you. Your reviews help other Australians decide if Youi is right for them. Some reviews are from a survey commissioned by Finder.