Between Booking Insurance (BBI) Sample Policy
Summary of Insurance
Date: <date today>
Dear <host first name>
Thank you for signing up for Between Booking Insurance (BBI) program with Drive mate, this document is your insurance summary. By enlisting in the program, you agree to the terms outlined in this document.
Schedule
First Name: | <host first name> |
Surname: | <host last name> |
Address: | <host address> |
Vehicle Make/Model: | <car details> |
Vehicle MY: | <year of manufacture> |
Vehicle Registration: | <car rego> |
Monthly Premium: | $ <betweenBookingInsurance.bbiPriceWhenSelected> |
Start Date: | <betweenBookingInsurance.bbiStartDate> |
End Date: | Month to month until cancelled, ending last day of final month |
Excess Outside of Drive mate Trips: | $1,000 |
Excess During Drive mate Trips | $0 |
Drive mate Host Trip Commission Rate on Duration Fees | 15% (instead of 25%) |
Introduction
This document confirms that the vehicle listed in the schedule has been successfully added to Drive lah Aus Pty Ltd, trading as Drive mate, fleet insurance policy, known as BBI. As a host, you understand that the insurance cover for
Drive mate BBI is provided by Allianz Australia Insurance Limited (ABN 15 000 122 850, AFS Licence No. 234708). The underwriting agency is Global Transport & Automotive Insurance Solutions Pty Ltd (GT Insurance) (ABN 93 069 048 255, AFS Licence No. 240714) of Level 3, Suite 3.01, 213 Miller Street, North Sydney NSW 2060. GT Insurance is an underwriting agency specialising in insurance for Motor Vehicles and Mobile Plant. GT Insurance acts as Allianz's agent to market, solicit, offer, arrange, and administer the insurance. GT Insurance has binding authority to issue, vary, and cancel this insurance, as well as deal with or settle claims on Allianz's behalf.
In accordance with this insurance summary, please always be mindful of your responsibilities as a host outlined in the terms of service. Breaching the terms of service can result in a breach of BBI cover.
Cover Information
Part A - Loss or Damage. This covers loss or damage to your Motor Vehicle(s) that occurs during the Period of Insurance, both during the rental period and while the vehicle is not being rented.
Part B - Liability to Third Parties $35,000,000, including Supplementary Bodily Injury for registered vehicles (excluding vehicles registered in the Northern Territory), but limited to $2,500,000 for Dangerous Goods unless otherwise specified.
Part A of this policy is extended to cover a Host’s Motor Vehicle(s) that are registered and available for rental via the Drive Mate platform, including while they are under a rental agreement between a Host and Guest, executed via the Drive Mate platform, for loss or damage.
The maximum GT Insurance will pay under Part A is $70,000 per event. "Motor Vehicle(s)" refers to motor vehicles up to 5T GVM, owned by Hosts who rent their vehicles via the Drive Mate platform, including: a) Any manufacturer’s accessories, equipment, and options fitted to them, and b) Fixed unspecified accessories.
The maximum GT Insurance will pay for items under b) is limited to $10,000, inclusive and not exceeding the Market Value per Event per Motor Vehicle unless otherwise agreed.
Usage of the vehicle when not rented by a guest is permitted by the policy and is extended to allow up to 2,000 kilometres of incidental use annually for each motor vehicle. If this threshold is exceeded, the policy will no longer respond to any loss or damage incurred outside a rental period.
Any loss or damage claimed during usage while not being rented is subject to a $1,000 excess.
Where an Insured Item is registered or licensed for use on public roads as required by law, we will cover the Host for any amount they become legally liable to pay as compensation for loss or damage to someone else’s property caused by an Accident during the Period of Insurance, within the Territorial Limits, when it is partly or fully the fault of the Host or Guest, up to the Limit of Indemnity applicable to Part B.
This cover only applies if the legal liability for loss or damage to someone else’s property arises out of the use of a Host’s Motor Vehicle during a rental period and is subject to the applicable excess, conditions, exclusions, and limit of indemnity.
To ensure that you are covered under this policy, you should always contact us for approval before incurring any costs you wish to claim. If you do not, we will only pay the amount we would have authorised had you asked first. The maximum we will pay for any one accident is the Limit of Indemnity. The indemnity provided under Part B will also apply to any drivers listed as an "Authorised Driver" under a rental agreement.
Breach of Cover
Cover of the policy outlined in “Cover Information” will no longer respond to any loss or damage if the following occurs;
a) the use of lockbox by means of key handover.
b) vehicle availability on the platform drops below 70%.
c) vehicle is not on the Best mates subscription & vehicle tracking device (Otoplug) is not present or active at the start of this cover.
d) vehicle is listed on other car-share or rental platforms, including private rentals.
e) any claims proven to be fraudulent following investigation.
Definitions
● Rental Period: The period between the collection of the Motor Vehicle by the Guest, recorded and confirmed by the Guest and Host via the Drive Mate platform, and the return of the Motor Vehicle to the Host, confirmed by the Guest and Host via the Drive Mate platform.
● Guest: A person whose particulars are set out on the Drive mate platform, renting a Motor Vehicle from a Host via the Drive Mate platform.
● Host: The person whose particulars are set out on the platform, listing their Motor Vehicle for rental by a Guest via the Drive mate platform.
● Platform: A website or associated mobile applications that manage or facilitate the rental of a Motor Vehicle.
● Usage while not being rented: Using the Motor Vehicle(s) for personal use while outside a rental period facilitated by the platform.
Payment of Service
1. Payment Terms
Premiums are billed on a month-to-month basis. Payment is due in full, and your preferred payment method in the profile settings on the platform will be automatically charged by the 10th of each month for each billing cycle.
2. Billing Cycle
Your billing cycle begins on the 1st of each calendar month and ends on the last day of the month.
3. Payment Due Date
All payments must be received by the 10th of each month to maintain cover. Failure to pay by the due date may result in suspension of cover until payment is received.
4. Changes in Premium
We reserve the right to adjust the insurance premium. Any changes will be communicated at least seven days before the next billing cycle. Premium adjustments will not apply to the current billing period but will take effect in the next billing cycle.
5. Cancellation Policy
You may cancel your month-to-month service at any time. To avoid being charged for the next billing cycle, you must provide notice of cancellation at least seven days before the start of the next billing period. If notice is given after this period, your account will be billed for the upcoming month.
6. Refund Policy
Month-to-month payments are non-refundable. Partial refunds will not be issued for services cancelled mid-month. Services will continue until the end of the current billing cycle, at which point they will be terminated.
7. Failed Payments
If a payment fails (e.g. due to insufficient funds or an expired credit card), you will be notified by our team. You must update your payment method or provide an alternative payment within three days to avoid service disruption.
8. Disputed Charges
If you believe there is an error in your billing, you must contact us within seven days of the cover renewal date. We will investigate and resolve any disputes promptly. Any disputes raised after this period may not be eligible for review.
Kind regards,
Dirk-Jan Ter Horst
Co-Founder - Drive mate
Suite 5, Level 14, 350 Collins Street, Melbourne, VIC 3000