Is Your Drone Insured?

The popularity of drones has been on the rise in the last couple of years. With innovative features such as video recording equipment and camera, the use of the drone has blown up for photographers and hobbyists. Whichever way you look at it, drones have turned to be one of the most sought after devices for special occasions or just for fun.

High-end drones cost as much as $20,000. However, if you want a model that won’t somersault past your budget, visit http://www.rotorcopters.com/sub-50-multirotor-drone-mini-reviews/ to get a high performing unit without leaving a hole in your wallet.

Do You Need to Insure Your Drone For Liability?

You are not legally bound to insure your drone if it’s for personal use. Nonetheless, with the accidents that seem to happen with drones, you’re better of getting an insurance policy to cover your unit. And, there are a couple of options to insure your drone, Unmanned Aerial System (UAS) or quadcopter.

What Are the Risks for Drones Anyway?

At a glance, drones are super cool super cool fun toys. In reality, however, they are more complex that your standard “toy.” In fact, the FAA categorizes them as aircraft. Depending on how your insurer will interpret your drone’s particular use, your homeowner’s policy may not provide coverage. If this happens to be the case, you can still insure your drone, and contrary to your thinking, it won’t cost you much.

Speaking of risks, here are some scenarios in which an insurance cover may come in handy;

Your drone may hit an electric line and cause a blackout in the entire neighborhood. The costs involved to repair the lines, as well as the losses incurred by the residents, aren’t something you want to settle of out your pocket. And the worst part is, such an incident can inevitably happen.

In the United Kingdom, a man lost control of his drone, and it ended up hitting a kid’s eye and sliced it.  He was held liable for hospital bills and damages.

You may be flying a drone, and it unexpectedly loses power and crashes onto your neighbor’s car windshield. While your drone gets destroyed, someone else’s property gets hit too! Of course, you will have to pay for the damages.

When insuring your drone, it is crucial that you provide as much information about its use as you can. You don’t want an accident happening only to find out that your policy doesn’t cater for the loss. Tell your insurer;

  • Where you will be insuring your drone
  • Whether it will be for business or personal use
  • If will be for racing or competition
  • Who will fly it?
  • Where will it take off and land
  • The flying altitude
  • The value of your drone
  • Whether you have any training

In conclusion, when you own a drone, it is better to get in touch with your insurance company and notify them about the possession. That way, you can find out if your insurer covers drones or not. You’re better safe than sorry.