Sometimes the craziest ideas are the ones we need the most.
What the heck is Yeahmate?!?
Yeahmate gives you peace of mind for a lot less. It is a solution to the high cost of general insurance by using a crowdfunded approach to pay for the cost of repairs.
Our members will only pay a small monthly access fee and a share of repairs which works out to be a fraction of the cost when compared to insurance premiums.
If there are no repairs for a month, members will only pay their access fee.
What is the Origin of Yeahmate?
Find out the back story to YM and how an act of generosity sparked the idea for a better way to obtain peace-of-mind .
Meet the Team
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Co-FounderMeet Pete! The perpetual startup junkie with more ideas than sense and a love for innovation. Co-Founder of @yeahmatecover, a company that's all about working together for the benefit of all. Pete also lives by the mantra of "sometimes you have to embrace the chaos to find genius in the madness".🤪
When he's not busy convincing investors that he's onto the next big thing (spoiler alert: he usually isn't), Pete can be found behind the mic hosting "The Cost of Not Living" podcast, where he interviews fellow dreamers and doers, secretly hoping they have the answers he's been desperately searching for.
Pete is the embodiment of the startup spirit: equal parts ambition, delusion, and an unwavering belief that failure is just another step on the road to success. 🚀
FAQs
What is a Squad?
A Squad is a pool or group of members who are in it together. The Yeahmate algorithm will group people to minimise the amount payable by our members.
What happens if someone keeps claiming in my Squad?
Yeahmate is geared towards people who don’t frequently claim and will have in built mechanisms to reduce the frequency of claims, such as claim limits and AI detection to limit fraudulent behaviour.
How much can I actually save?
Well this will be dependant on the number of claims for your squad although for example using historical vehicle accident modelling we anticipate savings of over 50% when compared to a regular insurance policy from a major provider.
So is Yeahmate insurance?
No. Yeahmate is a crowdfunding solution that uses the power of the crowd to fund repairs of damage. We facilitate the transfer of funds between members although we don’t actually hold members funds.
Can Yeahmate guarantee damage will be covered?
Well no. There may be a risk that claims for funding don’t receive a goal of 100% although the exact amount reached and number of claims that do reach their goal will be disclosed. Our goal is a healthy community where all members support each other and are free of the financial burden of insurance.