Be Sure You're Covered Before Taking to the Skies with Your New Flying Gadget
More than a million drones are expected to land under Christmas trees this year, according to the Federal Aviation Administration (FAA). Piloting a drone might be a dream for kids of all ages, but before you take flight, contact your Insurance Professional.
Recently, the FAA has mandated registration for most drones and has issued guidelines for drone hobbyists. But what happens in the event of unplanned equipment failure, or pilot error? (After all, most drone and model aircraft operators start out with little or no aviation experience.) Also, with some models tipping the scales at up to 55 pounds, rogue drones can pose a significant threat to people and property, which is why it’s always a smart call to add insurance to your pre-flight checklist.
Below are insurance coverages and how they are likely to apply. Keep in mind all claims are handled on a case-by-case basis, and there may be more exclusions and conditions that apply as drone technology evolves. Finally, don’t expect coverage if you’re operating your drone in the commission of illegal activities.
Homeowners and Renters Insurance
Drones are most likely covered under a homeowners insurance policy (subject to a deductible). Coverage also applies to renters insurance. It’s imperative that people who rent purchase this coverage before operating a drone, as their landlord’s insurance policy will not protect them.
The liability portion of your homeowners or renters policy may cover you against lawsuits for bodily injury or property damage that you or family members cause to other people with a drone. It may also cover privacy issues–for example if your drone inadvertently takes pictures or videotapes a neighbor who then sues you. It will not cover any intentional invasion of privacy.
No-fault medical coverage
Your policy may provide no-fault medical coverage if a friend or neighbor is accidentally injured by your drone. (Coverage levels vary, so check with your Insurance Professional at Fox Insurance Agency). But be aware that this coverage will not pay medical bills for your family members or pets if they are injured by your drone.
Theft or loss of a drone
While the cost of a drone can be as low as $40, the cost of more elaborate ones with UHD video recording, GPS navigation, etc., can soar higher than $2,000, so it’s important to review your policy or talk to your Insurance Professional to determine if your coverage is sufficient to replace the drone if it is stolen. (A deductible may also apply).
If your drone crash-lands into your car, damage may be covered under your auto insurance if you purchased optional comprehensive insurance. (Comprehensive insurance covers damage to a car from fallen objects and other disasters, subject to a deductible).
Damage or injuries caused by a drone used for commercial (i.e. business) purposes are not covered by a standard homeowners or renter’s insurance policy. If you are operating a drone for commercial purposes, contact your insurance broker to make sure that you have the appropriate types and amounts of insurance coverage.
Sure, the sky’s the limit for drone operators (well, below 400 feet); however, anyone operating a recreational drone without the right insurance risks exposing themselves to unlimited personal liability.
For more information on drone regulations and registration information, fly on over to the Federal Aviation Administration.
Fox Insurance Agency
At Fox Insurance Agency, we proudly serve Oregon, Washington, California, Arizona, Texas, and Nevada. Whatever your needs, we would be happy to help you find just the right policy to meet them. As an independent agency, we are able to provide quotes from more than one insurance company. We work only with highly recognizable, reputable insurers.
If you are interested in receiving more information or a no-obligation insurance quoteplease contact Fox Insurance Agency today. We would be happy to help you find the right policy for you and your family!
The information in this article was obtained from various sources and is not all inclusive regarding the subject matter. This content is offered for educational purposes only and does not represent contractual agreements, nor is it intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. The definitions, terms and coverage in a given policy may be different than those suggested here and such policy will be governed by the language contained therein. No warranty or appropriateness for a specific purpose is expressed or implied. Content provided by Insurance Information Institute.