6/5/2023 0 Comments Drone insurance![]() ![]() At the moment, they offer three different plans:ĭJI Care is only available for older Phantom or Inspire models and covers damage to your DJI aircraft, gimbal or camera during either normal use or accidental damage. If you’re flying a DJI camera drone, you might want to consider getting this kind of coverage directly through them. This is where you’re insuring the actual drone. ![]() Generally, the next coverage to consider after liability is “hull” coverage. With a liability drone insurance policy, limits typically start at $500,000 and usually can be negotiated to as high as is required by the business and its operations or clients - limits as high as $10,000,000 per occurrence are not unheard of in UAS insurance. We recommend checking out SkyWatch, where policies start at just $5 per hour - SkyWatch is the leading on-demand drone insurance provider in the U.S. You can buy liability insurance “on-demand” - meaning you’re only paying for the time you’re up in the air. Of course, there are varying degrees of liability insurance, so make sure to consult your specific policy’s fine print to see if things like negligence or privacy infringement claims would be covered. ![]() You can think about liability insurance like you would with typical car insurance - the policy protects you from third-party claims of property damage or injury, like accidentally crashing your drone into a building, someone else’s car, or an even more unfortunate incident where you’re getting sued to cover someone else’s medical costs. The two most common types of drone insurance are: Depending on your needs, any of these may be well worth pursuing.Īs with all insurance, it is best to work with your agent to develop a plan for coverage that fits your needs and requirements.īefore we dive in, if you’re looking for drone insurance in the U.S., where you’re paying as little as $5 per hour to $350 per year for $1 million in liability coverage, then check out our partner SkyWatch.ai - they’re the leading on-demand drone insurance company in the U.S. There are a few other related types of insurance, such as payload insurance, for specialized equipment (multispectral or cinematography cameras, gimbal system, etc.), ground equipment insurance, non owned insurance, and personal injury coverage. Hull insurance will depend on the type of aircraft manufacturer and, depending on the carrier, may be bundled with the liability insurance. This breadth of limits and types allows for crafting a policy for all budgets and needs. Usually liability coverage will start with $500,000 in coverage, and can go up to $10 million. It can be by the hour or for a specified time period, usually one year. There are two general ways that drone liability insurance is sold. Hull Insurance- This is for the drone itself, and usually covers the aircraft, camera, and gimbal during regular use, accidental damage.UAV/Drone Liability Insurance- covers you to a limit of damage or injury you cause to others and their property.The cost of drone insurance is not high, but it provides a flyer with peace of mind. There may be minimum requirements to obtain a project, permit, or work with a company. When conducting business, flying for a company, or some other non-recreational purpose that involves another stakeholder, buying drone insurance makes sense. For someone whose livelihood depends on a drone, every day that it can not be flown is money lost.įor consumer class UAV’s for personal use, home and contents insurance or travel insurance, if covered, maybe enough, but commercial situations are excluded. Sadly these UAV wonders are still not perfect, and even experienced flyers can have accidents and failures that can either damage theirs and others pricy equipment or, at worst, cause injuries.Īccording to the law, UAVs don’t require insurance (Minnesota is an exception) however, most professional drones range between $5,000 and $20,000 and for commercial purposes require a license and certification. When you own and fly a drone regularly, you capture the world with photos and videos, once only possible with a helicopter, in a unique and oftentimes fantastic way. ![]()
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