Between Booking Insurance (BBI) Overview
Key Features of BBI:
Went live on 1st Oct '24
Insurance Provider: GT Insurance, tailored for Drive mate's P2P (peer-to-peer) car-sharing platform.
Annual Mileage: Coverage includes 2,000 kilometers per year outside of trips. Extra kms charged at $1/km, max 500.
Host Liability: Hosts are responsible for a $1,000 excess for any claims made outside of Drive mate trips.
Impact on Premiums: Claims will affect future premiums.
Reduced Commission: Hosts who insure with BBI enjoy a reduced Drive mate commission on trip duration of just 15% (instead of 25%).
Availability:
BBI requires 70% vehicle availability on Drive mate platform.
This plan is exclusive to vehicles listed on Drive mate. The vehicle cannot be listed on other platforms, else between trip cover is void (but in-trip cover remains).
Only applicable for cars on Best mates – either installed with keyless access or waiting for install.
Cost: Three pricing tiers - $120/month, $130/month, $140/month
Limitations: This insurance plan is not available for vehicles using a lockbox (either on or off cars), or >=$70k in value.
Full policy details here