Trying to compare the insurance cover with policies sold through brokers is extremely complicated.
In Youi's case the premiums are substantially cheaper. Does anyone know why this is so ?
How does the fire and water cover compare ? And what are the major differences?
Your help would be much appreciated
On page 69 clause 420 says to ask on OzBargain.
nice
nice
Same with car insurance, some are substantially cheaper. E.g. budget direct. Just make sure to keep Panadol just in case.
any extra information you provide that nets a lower premium can (and probably will) be used against you in the event of a claim
idk i was pretty disappointed with RACQ (and in turn all the mobs that came in to investigate on their behalf too) handling of our water damage claim few years back during the crazy storms that lasted over a week.
All i can say is to make sure you check ALL wording and terms and values carefully in the PDS.
What happened? I never want to deal with a company that makes it hard to claim
Pretty much every insurer covers water damage or fire, but what usually get you screwed over by the technicalities ie
How the fire started, by your kids, you, accidental, your best mate while smoking a joint, or drug lab gone bad, etc.
Youi: Did you do a rain dance before going to sleep? No?
Insurance claim denied.
In Youi's case the premiums are substantially cheaper. Does anyone know why this is so ?
Substantially cheaper to what? Youis quote directly or other companies?
How does the fire and water cover compare ? And what are the major differences?
They all have this thing called a PDS…. it outlines what is covered and what isn't. Best to pull them both up and compare.
Trying to compare the insurance cover with policies sold through brokers is extremely complicated.
In Youi's case the premiums are substantially cheaper. Does anyone know why this is so ?
How does the fire and water cover compare ? And what are the major differences?
Why are you coping and pasting your post? I've read it
Trying to compare the insurance cover with policies sold through brokers is extremely complicated.
Its not, compare the PDS….
In Youi's case the premiums are substantially cheaper. Does anyone know why this is so ?
Cheaper to who?
How does the fire and water cover compare ? And what are the major differences?
The PDS has the answers you seek.
New customers get an ok deal & when the renewal comes they make up for it. Youi is a pain in the butt with auto renewal and only way to cancel is to call them.
Youi ask allot of questions and reject anyone they think may claim based on the questions based on speaking to people who have Youi or have gotten a quote from them.
Hi OP,
You use the word broker but I can let you know I am a Insurance broker, and Youi only deal in the direct market space. RACQ,RACV,AAMI,Suncorp, NRMA, Budget Direct etc only deal direct with you, the insured.
There is a very limited number of insurers dealing in the intermediated market. For brokers there was just recently big changes to deal with retail products such as all commission is now disclosed on retail products like home, car, boat.
While others may have access to a Hollard product, I have access to CGU, Allianz and QBE who also deal direct, but I wont quote you unless you also are a business owner.
As youi only quote over the phone, i suggest you put your questions to the policy person you spoke to.
What does the PDS say?