What Type Of Insurance Do You Carry For Your Drone?

///What Type Of Insurance Do You Carry For Your Drone?

What Type Of Insurance Do You Carry For Your Drone?

Quadcopter Crash, Credit: YouTube

Quadcopter Crash

Insurance has quickly become a major concern for drone businesses. If you are a professional drone operator, legally providing commercial drone services with a valid Section 333 Exemption, then I’m confident you will want to make sure your drone activities are covered under insurance.

Knowing you need insurance is simple. Knowing what type of insurance you need and who will give it to you, can be another story. Here are few different insurance options to consider:

Association Based Insurance

If you’ve ever considered joining the Academy of Model Aeronautics (AMA), then now you have one more reason. AMA membership includes some great drone coverage:

  • $2,500,000 Comprehensive General Liability Protection for model activities for members, clubs, site owners, and sponsors
  • $25,000 Accident/Medical Coverage for members
  • $10,000 Maximum Accidental Death Coverage for members
  • $1,000 Fire, Theft, and Vandalism Coverage for members

You can learn more a by reviewing their “Benefits of this Association.”

Crash Insurance

Think of crash insurance as an extended warranty for your drone. This type of insurance is available, in some cases, from the manufacturer such as DJI Care Coverage, and from third parties in others, such as Neary Aerial Media.

The risk factor involved with flight (or more accurately with crashing) has been a major barrier to further adoption of consumer drones. Years ago this was not a factor since pilots expected to crash – and fix – their drones on a somewhat regular basis. However, as millions of new customers have been drawn into the drone pursuit they have brought with them a different set of perceptions and expectations. This proved difficult for drone manufacturers because many (most) crashes can be avoided and are due, in a sense, to pilot error.

Crash Insurance for your Drone? Yes!


Traditional Insurance, Extended

If you are looking for inexpensive protection, then you may want to consider reviewing and possibly extending your existing homeowners insurance. Contact your insurance agent and inquire if your drone qualifies as a personal effect will be your first step.

Specialized Drone Insurance

It’s now becoming more common to see aviation insurance companies, like Transport Risk, offering drone insurance products. Specialized drone insurance is definitely the professional grade solution.

Operating a drone is not without risks. If you operate a drone professional, then regardless of which one you choose, get yourself covered by some form of insurance.

By | 2017-08-31T15:23:57+00:00 February 26th, 2016|Drone Insurance, Drones|Comments Off on What Type Of Insurance Do You Carry For Your Drone?

About the Author:

Sam Estrin
I'm an avid drone enthusiast and part-time drone blogger living outside of the DC area. I track drone news and write editorials and timely drone news stories that I find interesting. If you like my stories, you can follow me on Twitter or visit me at LinkedIn. If you'd like me to write for your drone oriented publication or blog, you can contact me at info@droneuniversities.com.