Bond Waiver Option

BOND WAIVER OPTION

As you may have read on our Insurance Page all Spaceships hired are insured in case of an accident or loss of contents: This covers the cost of damage to Third Party property or to the rented vehicle, including single vehicle accident, towing and recovery costs, theft, fire, break in or vandalism. The insurance excludes damage to the roof and under-body of the vehicle, and damage to the tyres and glass.

As the hirer of a Spaceship you are responsible for the excess on each insurance claim.

A bond is required of AUD$2000 if the driver is aged 25 or over, and AUD$2500 if the driver is aged 21 to 24. This means that you are liable for up to this amount for any damage that you cause to the vehicle.

An option to reduce your excess is to pay a non-refundable Full or Half cover option.
This will reduce the bond and is on a per incident basis. If an accident occurs a new insurance option will be required for the remaining days of your hire. This means that you must report any incident to Spaceships Ltd as soon as it happens.

For example, 7 days hire x $20 per day = $140 for Full Cover (no bond)
Accident occurs day 3, to be eligible for insurance of the remainder of the period another 4 days is payable.
E.g. Customer would need to pay an extra $80 (4 days x $20 per day) to have Full Cover/bond on the remaining period.

Full or Half Cover does not cover a single vehicle accident, articles, appliances and fixtures inside the Spaceship unless in the case of a motor accident. If drivers are under the age of twenty-five they are still eligible for the bond waiver. A credit card imprint is required on all rental agreements (even with a bond waiver – this covers deliberate damage, late returns and traffic infringements) and must be the credit card of the main hirer unless prior arrangements have been made.

DRIVERS 25 AND OVER
AUD$20 per day = Full Cover Nil bond / excess
AUD$10 per day = Half Cover $750 bond / excess

DRIVERS AGED 21 -24
AUD$25 per day = Full cover Nil deposit / excess
AUD$15 per day = Half cover $1000 deposit / excess

Full or Half Cover will not cover any water related damage such as vehicle submersion, creek or river crossing, beach driving and driving through low plain flooded areas. You will also be fully liable to the vehicle or a third party if you breach the terms of the rental contract; if you drive under the influence of alcohol or drugs; if damage is caused by careless or wilful conduct; or if you drive on restricted roads.