We know that your peace of mind is paramount to our users during a boat rental. That’s why we have partnered with ShareCover to provide cover for loss or damage to an owner’s boat while it is being rented out on BookMyBoat. ShareCover BoatCover insurance is underwritten by Insurance Australia Limited which is part of Insurance Australia Group, the largest general insurer in Australia and New Zealand. BookMyBoat rentals can be covered through ShareCover’s purpose built BoatCover policy.
This coverage summary only sets out some of the events covered by the BoatCover policy and other information you should consider. It does not provide a complete statement of the cover offered, exclusions, conditions and limits that apply under the policy. You should carefully read the BoatCover Insurance Policy Product Disclosure Statement (PDS) and all relevant policy documentation for more details.
The following boats are covered: dinghys, runabouts, cuddy cabin, cruisers, ski-boats, sail boats and pontoon boats, that are all less than 12 metres in length.
The following boats are not covered: canoes, hydroplanes, kayaks, kit boats, houseboats, pontoons, porta botes, rowing sculls, jet skis, sailing trimarans, sailing skiffs, sailboards, surf skis, dragon boats, hovercrafts, racing yachts or any boats or vessels that are 12 metres or more in length.
ShareCover BoatCover insurance covers:
The following summary gives you an overview of what each booking is covered for under the ShareCover BoatCover insurance policy.
The excess payable is $500 per claim which is payable by the owner for each claim.
The policy is only valid during the period the renter has rented the boat through BookMyBoat.
The maximum amount we will pay for loss or damage to a boat that is covered is the market value of the boat u to a maim of $250,000 per claim. The market value is what it would cost to replace the boat using factors such as local market prices and the age and condition of the boat.
No. This policy will only cover the boat during a period of rental through BookMyBoat and only covers loss or damage to the boat by specific insured events directly or indirectly caused by an act or omission of a renter. It is expected and recommended that the owner will hold comprehensive insurance for the boat.
The policy will provide cover within Australian territorial waters if the boat:
The boat must comply with the following to be covered under the ShareCover BoatCover insurance policy:
If an incident has occurred during the rental of your boat, you can make a claim by contacting us at email@example.com with the following information:
Once we receive this notice of claim from you, we will lodge the claim with ShareCover. A member of the ShareCover claim team will be in contact with you within 48 hours.
To view and download the full PDS please click here: Sharecover BoatCover Insurance PDS