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Fly a drone? Our drone insurance guide shows you how to get the best coverage for your circumstances.
If you fly a drone – whether a high-tech hull for professional or commercial purposes or a smaller, hobby model you take out occasionally for fun – make sure you’ve got the insurance coverage you need.
We’re here to help, with a drone insurance guide to show you how to get the best coverage for your circumstances.
Whether you’re required to have drone insurance depends on where you live and how you use your drone. While the Federal Aviation Administration does not require it, some state and local laws might. Minnesota, for example, mandates commercial drone operators have drone insurance – specified by the type of drone you fly.
If you use your drone for commercial or business purposes and it injures someone or damages their property, those costs would not be covered by a homeowners’ or renters’ insurance policy.
Even if you fly a drone professionally or commercially in a state where drone insurance is not required, UAV Coach calls buying drone insurance a “smart move” to:
For people who fly drones professionally, there are 3 types of insurance to consider:
1. Liability insurance covers claims of property damage or injury if your drone hurts someone else or their property.
2. Hull insurance covers the drone. (Remember to also ask about coverage for equipment, such as your remote control, laptop or anything else you might use when operating your drone.)
3. If your drone will carry expensive equipment – like a camera and gimbal – UAV Coach suggests payload insurance.
If you fly for fun, you probably won’t need a large liability policy, but there are several situations where it would still be a good idea to make sure you’re covered.
The following 5 scenarios from the Insurance Information Institute explain how insurance coverage could come in handy.
1. Is damaged
Your homeowners’ or renters’ insurance policy will mostly likely cover your drone if it’s damaged in an accident (subject to your deductible).
2. Is stolen
Your homeowners’ or renters’ insurance policy will also mostly likely cover your drone if it’s stolen (subject to your deductible).
3. Damages others
If your drone hurts someone or their property, the liability portion of your homeowners’ or renters’ policy may provide coverage in case of a lawsuit.
If you have a no-fault medical coverage policy, it may provide coverage if you accidentally injure someone with your drone. However, the institute notes that this coverage will not pay medical bills for your family members or pets if they’re hurt by your drone.
4. Inadvertently invades privacy
You’ll want to make sure you have the liability coverage you need if your drone accidentally takes pictures or videotapes someone who then sues you.
Note: Insurance will not cover an intentional privacy invasion.
5. Crashes into Your Vehicle
If your drone crashes into your vehicle, damage may be covered under the optional comprehensive portion of your auto insurance. (So make sure you have it!)
A general liability insurance policy typically excludes aviation activities, so make sure to find out if yours does, and consider insurance specifically for drones and their equipment.
The best drone insurance coverage doesn’t have to break the bank.
A $1 million liability policy typically costs anywhere from $500 to $750 a year (which breaks down to $42 to $63 a month), based on a variety of factors. If you’re only a hobby flyer, you might not need that much coverage. Depending on how much you plan to fly, hourly coverage might be a good option.
Hull coverage is determined by how much your drone cost.
By talking with your insurance agent about how you use your drone, we can help you figure out what you need, so you can get affordable drone insurance to protect you and your drone.
When contacting us for an insurance quote, there’s some information we might need from you:
If you fly a drone, whether for fun – or work – give us a call at 800-369-2501 or request a quote online to make sure you have the coverage you need.
Bell Insurance Services, LLC is a wholly owned subsidiary of Bell Bank. Products and services offered through Bell Insurance are: Not FDIC Insured | No Bank Guarantee | May Lose Value | Not A Deposit | Not Insured by Any Federal Government Agency.