When it comes to operating a drone, there are a few key components to consider. One of the most important is hull insurance, which is a type of property insurance that covers physical damage to the drone itself. This coverage can be extended to include payloads and ground support equipment, and it's important to know what is and isn't covered in order to ensure adequate protection. In some cases, an additional type of insurance may be necessary to protect additional drone-related equipment.
Drone insurance quotes can be obtained online without needing a drone serial number, and it's important to note that homeowners insurance won't cover renters' property. Business owners who use drones for commercial purposes should consider a commercial drone insurance policy, just like any other business insurance designed to protect their company's assets and minimize exposure to liability. The Insurance Information Institute (III) states that the liability component of a home insurance policy may come into play if someone or their property is injured or damaged after flying a drone for personal use. However, if the drone is being used for business, flying on behalf of a company, or for any other non-recreational purpose where another party may be involved, it's wise to purchase drone insurance. When selecting an insurer for drone coverage, there are now several options available.
It's important to compare the top providers in order to find the best coverage for both recreational and commercial use. The cost of drone insurance will depend on the package needed, the experience of the operator, and the features of the drone operation. For those using drones for commercial purposes, it's important to remember that homeowners insurance won't cover business property. Therefore, a separate policy is required.
When creating payload insurance, it's important to be specific with your broker in order to distinguish between coverage that protects the drone itself and coverage intended to protect its expensive payload. Avion Drone Insurance is one of the best providers for wedding and event insurance due to its specialization in commercial policies, including those that cover aerial photography which is often necessary for weddings and other events.
