Innovative Aussie startup powered by collective cover to save you money on asset insurance.
Yeahmate Cover is looking to change the way we prtotect our assets by funding repairs instead of paying insurance premiums.
We are an Aussie Startup who aim to shake up the cover industry.
Yeahmate is the dream of an everyday Aussie who believes all Australians deserve an affordable alternative to general insurance. Yeahmate is built on a simple idea; pay-to-repair instead of paying for risk. We believe that the Aussie spirit can pioneer a new type of cover, fair and affordable without compromising on security.
Fair, affordable cover? Yeahmate.
So How Does Collective Cover Work?
What is it?
Collective Cover enables people to raise money for repairs AFTER an accident or damage has occured. It gives the peace-of-mind of traditional insurance for a lot less. Members of your “Squad” (YM term for pool of members) are debited a portion of the repair cost per month.
No repairs in your Squad? No repair bill.
What are the benefits?
The biggest benefit of the YM Collective Cover model is the ability to keep costs low, very low as YM are only making revenue from a monthly access fee to use the platform and connect you to your Squad.
We anticipate savings of around 60% per annum on auto cover when compared to traditional insurance.
Is claim payment guaranteed?
Well no, not really. As we are crowdsourcing the funds it is up to Yeahmate members to support and contribute to a healthy community. We see the future of YM to offer the same discreet hassle free experience you get with traditional insurance but for a fraction of the cost.
“Our mission is to save our members money by harnessing the Yeahmate community to cover unexpected repairs to assets. We like to call it collective cover.”
Pete Jacobs, Founder
So YM is going to save me money by collectivley funding repairs?!
What are the projected savings?
60%* on average
*On the national average car insurance policy across all demographics during 2020-21. This was compared this with the average repair value of claims for the year plus the estimated cost to be a member of Yeahmate.
These figures are indicative only. Actual cost will vary on several factors including squad performance and market factors.
