Tower Insurance purchased Youi’s portfolio of 34,000 policies in January 2020. However, if you have a Youi policy which has not yet renewed to a Tower Insurance policy, your policy details should remain as they were for the time being.
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Youi cover options
- Up to $20 million in legal liability cover if you cause an accident resulting in damage to someone else’s property
- Reimbursement if your car is stolen
- Cover for accidental damage to your car
- Cover for natural disasters such as storms, floods or earthquakes
- Cover if your car is damaged in a fire
- Cover for additions such as baby seats, tow bars and window tinting
- Complimentary hire car for up to 14 days, if your car is stolen
- Up to $750 for items in your car, with a maximum of $150 per item
- Up to $1,000 for emergency accommodation if you are stranded from home
- Up to $1,500 for counselling sessions after a claim
- Costs to tow your car to a safe location
- Cover of up to $10,000 under Maritime Law if your car is transported by sea between New Zealand ports
Third party fire and theft:
- Legal liability cover of up to $20 million if you are in an accident that is your fault and where someone else’s property is damaged
- Reimbursement in case of theft
- $5,000 towards repairing accidental damage if the other party was at fault, if you can identify the other party
- Cover for damage due to earthquakes
- Cover for fire damage to your car
- $750 towards the contents of your car, with a $150 per-item limit
- $1,000 to pay for emergency accommodation if you are stranded from home
- $1,500 towards counselling sessions after a claim
- Cover to tow your car back to a place of safety
- Maritime Law cover of up to $10,000 in case your car is in transit between ports in New Zealand
- Cover for legal liability of up to $20 million if you are in an accident you cause which results in damage to someone else’s property
- Up to $1,500 to facilitate counselling sessions after an accident
- Up to $5,000 if your car is damaged by someone else in an accident, if you can identify this person to Youi
- $10,000 towards loss under the Maritime Law if your car is transported between ports located in New Zealand
What is generally excluded by Youi?
- Intentional damage by a person living at your address, or by the insured driver
- Damage due to a person driving your car without your permission unless you report it as stolen
- If your car is driven by someone who does not have a valid license
- The driver of your car is under the influence of alcohol or another substance
- The driver leaves the accident scene without stopping
- Theft if the keys were left in your car
- Accessories added to your car other than baby seats, a tow bar, window tinting or personalised plates
- Repair costs if you use the incorrect fuel
- Where the loss is covered by another insurance policy
- Any events occurring outside of New Zealand
- Your car is used to transport hazardous goods or is used for racing or testing
- Wear and tear, rust, corrosion, mould or damp
- Mechanical or electrical breakdown
- Damage due to radioactivity including nuclear fuel, or a nuclear weapon
- Wars, rebellion, terrorism
- Damage due to looting or rioting
How much excess will I pay?
- Windscreen claims. Some policyholders can pay an additional premium to reduce the excess charged for windscreen claims.
- Roadside assistance. With roadside assistance from Youi you won’t be charged an excess for the first two claims per year.
- Additional excess. Your policy schedule will detail which events will require the payment of an excess over and above the standard excess.
- Driver excess. Young drivers and drivers not listed on your policy schedule may increase the excess.
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