Drones come with a high price tag, so naturally, you want to keep it in good condition for as long as possible. However, accidents and mishaps are inevitable while flying your drone, causing damage to your device and to your savings as well – mind you, repair costs and medical bills due to drone-induced damage and injuries aren’t cheap. Thus, as soon as you get your hands on a drone, you should consider getting it insured.
Here are a few questions to ask yourself before getting your drone covered by insurance.
Table of Contents
1- If I’m in the drone business, is getting covered by insurance essential?
This is an important question that most drone operators ask. Typically, most insurances don’t cover personal drones used for entertainment purposes. However, many insurance providers will insure you if you’re operating as a commercial drone pilot. And this is a good thing because, in almost all industries today, having insurance is one way to prove that you’re trustworthy and reliable in what you do.
2- What are the things to consider before getting a drone insurance policy?
There are many factors to think about when you’re dealing with insurance issues. Once your business is all set and you’ve already known how to use drones to your benefit, it’s time to consider many things before you can be entitled to a drone insurance policy. With this in mind, the common factors to look into when getting these policies successfully include:
- Your experience in navigating a drone
- The volume of business
- Type of costs you have to pay
- Your background in piloting
If you’re a beginner in a drone business, find the right company that can be an excellent solution for your insurance needs. Make sure they can help you understand the importance of these factors before you can proceed with the application.
3- What do I need to get started with my application?
Just like if you’re looking for car insurance, you also have to research multiple companies to find the one that will suit your needs. When you’ve already decided to get your drone operations insured, these are the things you have to take note of when you apply and search for the appropriate coverage for you:
- Information including your personal address and contact numbers
- The type of insurance coverage you’re looking for your drone
- The estimated number of flying hours you plan to operate
- Several types of training you’ve undergone
- Details about the areas you’re planning to operate
4- What do I need to do when filing an insurance claim?
If there’s something terrible that happens to you while you’re doing your daily business, you may want to know the things to do when you’re filing a claim. During this situation, you need to remain calm and follow these tips below:
- Check the insurance policy and understand fully what the insurer provides at the time you make a claim.
- Notify the insurance company about what happened as soon as possible.
- Document relevant information such as time, place, and the persons involved.
- Inform the police about what happened for security and documentation.
- Be wary about making any statements about the event without the approval of the insurance.
- Cooperate with the representative of the insurance company and take that opportunity to obtain a smooth claim.
5- What are the reasons why my insurer may opt to cancel the insurance?
The last thing you want to know is the cancellation notice from your insurance company. Even if you’ve done the right thing to prepare the policy, below are some of the reasons why your drone insurer may want to terminate the contract:
- Lack of proof of what happened during a major accident or failure to have a proper flight logging.
- Active destruction of property or aggressive bumping into objects
- Not putting your personal ID number and failure to register the serial number of your drone.
- Not logging the time you change propellers as well as the cycles of battery use and charging.
It’s always important that you keep these questions in mind before getting your drone insured. Whether you’re operating a drone for a living or for recreational purposes only, the last thing you want to know is that it accidentally run into a structure. When all of these things happen, the peace of mind you’ll get from having drone insurance will be priceless.