
Want to know more about insurance for your holiday home?
You can also check out our guides on holiday home insurance and short term rental insurance.
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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.
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.
ShareCover provide two types of insurance - home insurance and car insurance.
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.
You can also check out our guides on holiday home insurance and short term rental insurance.
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 |
---|---|---|
Accidental damage | ? | |
ID theft | ? | |
Malicious damage | ? | |
Personal liability | ? | |
Portable & valuable contents | ? | |
Strata property damage | ? | |
Theft or attempted theft | ? |
Here's a breakdown of some of the inclusion in each ShareCover policy.
Pay-per-night
Guest cover | Building cover | Contents cover |
---|---|---|
Accident | ||
Accidental breakage of fixed glass | ||
Fire | ||
Malicious damage | ||
Explosion | ||
Theft or attempted theft | ||
Impact | ||
Loss of rental income | ||
Temporary accommodation |
Short-stay rental house/apartment
Cover | Home and contents | Guest short stay cover |
---|---|---|
Fire | ||
Impact | ||
Explosion, landslide or subsidence | ||
Theft or attempted theft | ||
Malicious damage | ||
Identity theft | ||
Accident | ||
Accidental breakage of glass | ||
Temporary accommodation | ||
Natural perils e.g. bushfires, storms etc |
Cover | RideCover |
---|---|
Collision or crash | The cost to repair or replace your vehicle up to the market value (max of $50,000) |
Explosion | |
Fire (not bushfire) | |
Malicious Acts | |
Towing | |
Vehicle pick and return | |
Liability | Damage to property up to $10,000,000 |
There are several factors that impact the cost of your ShareCover home and car insurance premiums.
The main eligibility criteria for a ShareCover policy is as follows:
We looked at home insurance complaint data from the Australian Financial Complaints Authority (AFCA) between July 2020 and June 2021. The data breaks down different underwriters and compares their business size to the number of complaints processed.
When comparing insurers, keep in mind that insurers with a larger market share serve more customers, so can potentially get more complaints.
Here's an overview of how Sharecover (Insurance Australia Limited) did:
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If a guest is injured what is the liability cover ?
Hi Robert,
Thank you for your question.
You have contacted finder.com.au, a comparison and information service and not actually ShareCover.
ShareCover provides liability cover for up to of $10 million.
I hope this helps,
Zubair