Revolutionizing Car Sharing: Pioneer Insurance and DOON Team Up

Pioneer Insurance has teamed up with the car-sharing start-up DOON to serve as its primary insurance provider, marking a significant step forward in the car-sharing sector. DOON operates on a peer-to-peer model, creating a community of vehicle owners who offer their cars for short-term rental.

In a groundbreaking move, Pioneer Insurance has tailored its coverage to specifically support DOON’s model, ensuring that each vehicle rental is comprehensively insured. This arrangement is particularly noteworthy as it deviates from the standard one-year coverage of traditional motor insurance policies, which typically exclude rental services.

Iluminado Garcia III, Pioneer’s Vice President for Motor Insurance, emphasized the company’s dedication to innovation and customer service by introducing a flexible insurance offering. This custom insurance solution covers the rental period, providing security and peace of mind to both vehicle owners and renters.

The partnership guarantees extensive protection against various risks, including damage, theft, natural disasters, third-party liabilities, and accidents, ensuring comprehensive coverage for drivers and passengers alike.

Enrique Martin Hormillo, the founder and CEO of DOON, highlighted the importance of this collaboration for vehicle owners, who can now rent out their cars without concern, knowing they are fully insured. This assurance is also extended to renters, who can enjoy the confidence of driving a fully insured vehicle.

The business model of DOON, akin to Airbnb for cars, enables owners to generate income from their idle vehicles, offering an economical option for customers’ transportation needs. Pioneer’s insurance coverage is expected to bolster this emerging market, encouraging more owners to participate.

Hormillo proudly announced that DOON is the first fully insured car-sharing platform, a milestone achieved through its partnership with Pioneer. Pioneer continues to demonstrate its commitment to innovation, catering to the evolving needs of the Filipino community, as it has done for the past 70 years.

This insurance policy represents a significant innovation in the industry, reinforcing Pioneer’s ongoing commitment to introducing new solutions one step at a time. DOON’s app is available for download on Google Play and the App Store, inviting users to experience a new era of car sharing.