Thinking of Getting a Drone? Think About InsurancePosted on Mar 06, 2016
If you are someone who likes to keep up with the latest gadgets and are thinking about adding a drone to your “toybox,” you should probably check your homeowner’s or renter’s insurance policy to see if you are covered for damage to it or damage it might cause.
Or if you are a business owner and believe that a drone would be a particularly useful piece of equipment, you should likewise check your business’s insurance policies to see if you have coverage.
On the personal insurance side, drones might be considered radio controlled aircraft for which most policies provide coverage. But that may be changing with insurance underwriters getting more specific in their requirements before they will agree to assume the risks associated with drones. Don’t assume that you are covered.
Check with your agent who can review your policy and provide guidance.
On the business insurance side, some insurance policies are specifically excluding liability insurance coverage for damage your drone might cause to another person or another person’s property. In such instances, aviation liability insurance could provide the coverage necessary to protect you in the event of a claim.
A key factor in getting a good drone insurance policy is your ability to prove that you will be a responsible drone flier by having operating manuals, maintenance logs and – most importantly – training. And again, don’t just assume you will be covered.
Always check with your insurance agent before you go ahead and buy the drone so that you get the advice you need in advance.