We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
ShareCover offers flexible insurance options for short-stay hosts and rideshare drivers. Backed by Insurance Australia Group (IAG), ShareCover let's you take out cover for as long you need, whether it's a day or month. There are no cancellation fees and you can manage your policies online.
This policy could be suitable for hosts on Airbnb, Stayz, Uber, Ola and Didi.
Who is ShareCover?
ShareCover is issued by Insurance Australia Ltd, which is part of the Insurance Australia Group (IAG). The leading general insurance company in Australia and New Zealand, IAG has been protecting people since 1851 and last year paid more than $6.8 million in claims.
What kind of policies are on offer?
ShareCover provide two types of insurance - home insurance and car insurance.
- Pay-per-night. Suitable for part-time hosting, pay-per-night insurance means you only need to pay for insurance when you need it. It provides you with guest related risks and liability cover and you can get insured for between 1 and 90 days.
- Short-stay rental house. This is for full-time hosts and provides you with home and contents as well as guest related risks, liability and natural perils such as bushfires.
- Short-stay rental apartment. This is the same as short-stay rental house cover but is tailored to apartment hosting.
- When you are waiting for a booking
- Driving to a booking
- Driving passengers to their destination
Keep in mind that this service is an add-on. It does not replace the need for comprehensive or third party insurance for your vehicle.
How does ShareCover compare to a normal home and contents policy?
Your standard home and contents policies generally come up lacking when it comes to cover for guests, especially for damage. Most policies contain exclusions such as:
You are not covered under any section of this policy for damage, loss, cost or legal liability that is caused by, arises from or involves tenants, paying guests or boarders, or someone who lives with them or a person who entered the home or unit with their consent ...
ShareCover can fill the gaps left by your home and contents policy and provide you with added protection. Because every home and contents policy is different, it's hard to do a one-to-one comparison of cover. However, many home and contents policies provide limited-to-no cover for many of the benefits offered by ShareCover, which is highlighted in the table below.
|Type of cover||ShareCover||Normal H&C Policy|
|Portable & valuable contents||?|
|Strata property damage||?|
|Theft or attempted theft||?|
What does a ShareCover policy include?
Here's a breakdown of some of the inclusion in each ShareCover policy.
|Guest cover||Building cover||Contents cover|
|Accidental breakage of fixed glass|
|Theft or attempted theft|
|Loss of rental income|
Short-stay rental house/apartment
|Cover||Home and contents||Guest short stay cover|
|Explosion, landslide or subsidence|
|Theft or attempted theft|
|Accidental breakage of glass|
|Natural perils e.g. bushfires, storms etc|
|Collision or crash||The cost to repair or replace your vehicle up to the market value (max of $50,000)|
|Fire (not bushfire)|
|Vehicle pick and return|
|Liability||Damage to property up to $10,000,000|
How much does it cost?
There are several factors that impact the cost of your ShareCover home and car insurance premiums.
- The location of your home and car. Homes and cars in certain areas are statistically more likely to experience certain insured events such as theft.
- The type and amount of cover you select. The higher your level of cover, the more expensive your premiums will be.
- The excess you select. Selecting a higher excess will lead to lower premiums.
- Your claims and insurance experience. ShareCover will take your claims history into account when determining your level of risk and therefore how much your premiums will cost.
- Compulsory government charges. These vary depending on where you live and could include stamp duty, GST and a fire services levy.
More guides on Finder
Farm insurance can provide the protection Australian farmers need. It can include ✓ building insurance ✓ crop insurance ✓ livestock insurance
Boost your 2021 tax return: Top tips for a bigger refund
It's tax time! Finder's money writers share their tips to claim deductions on everything from your home office, car and insurance to your mortgage.
Victoria floods: How much food spoilage will your home insurance cover?
There’s been over 25,000 power outages across Victoria. Home insurance can reimburse you for the food that’s gone to waste. Find out who here.
Mouse plague not covered by home insurance, with one or two exceptions
We found 3 policies that will cover you if mice cause fire or water damage.
Coronavirus insurance: What life insurance may (and may not) cover you for
Here's what leading insurers say about coronavirus-linked exclusions for life cover.
Ex-Cyclone Seroja: What can home insurance cover?
Find out what your home insurance may cover you for if your property has been impacted by the severe weather of Ex-Cyclone Seroja. Plus, how to speed up your claim.
New Zealand travel bubble: Should I get travel insurance?
A quarantine-free travel bubble will allow Aussies to travel from 19 April. Before you book, here's what travel insurance will and won't cover you for.
Flood-hit Australians can claim more from their home insurance than they realise
Two insurance experts have urged Australians to look at their policies more closely, so they can get the most from their claim.
Got flood damage? Here are the 3 things you should do right now
Here's how to make your home insurance claim easier and how to access other support measures in place for affected homes.
Citi Rewards Card – Bonus Points Offer
Earn flexible rewards points as you spend and enjoy a big 100,000 bonus points offer with the Citi Rewards Credit Card.
Ask an Expert