Have you thought about, or already began, using drones in your day to day business? If so, you are going to want to look into aviation liability insurance.
The most important stipulation for getting good drone insurance is that you can demonstrate your willingness to fly responsibly. At the end of the day, it’s up to the underwriters discretion whether or not to sell insurance to a pilot. So, if you are considering flying a drone for your business, be prepared to demonstrate intimate knowledge of your system and the environment in which you will be flying.
What to expect? A commercial insurance policy for a Phantom Drone covering liability up to $1 million and hull damage up to $1,500 can run as little as $1,350 a year (with a 10-15% deductible).
On the other hand, if you are planning on flying around your house or local park just for fun, your homeowners insurance will probably cover you. It’s best to check and make sure with your insurance agent, but you should be safe. At the moment, insurance companies equate your drone crashing into someone to your dog biting a stranger. But due to the rising popularity of drones, insurance companies may be changing their policies rather quickly.
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