Do You Need Drone Insurance?

Drones are continuing to grow in popularity and purpose. More and more drones are being used for mapping, agriculture, filming, surveillance, and photography. With the increase in purpose and functionality of drones, there has also been an increased interest in increasing privacy and safety concerns that are fueling the need for drone insurance.

Not only are drones a concern for privacy and safety, but drones for sale can come with a substantial price tag, and crashes are not uncommon. All of which are showing an increase in the need for drone owners and operators to have some form of drone insurance.

Now that drones are more popular and diverse in their applications, it is possible to insure your drone to protect your investment if it suffers damages or is lost or destroyed during flight. It is also possible to purchase liability insurance for your drone that, much like your liability auto insurance, can cover damages done to the property of others inflicted from your drone.

When drones first started to become popular, drone insurance was unusual and often times unheard of. Now that drones are becoming a part of everyday life, having drone insurance will sometimes be required if you are using your drone when working with clients, or before you can obtain a permit to fly or film in some cities, towns, or private areas.

Just knowing that you need insurance for your drone is not enough; you need to ensure that you have the right insurance coverage for your specific needs. There are different types of insurance available for drones that you can choose from. Below we’ve outlined the basic information that you need to make an informed decision when selecting the right insurance to provide you with the best coverage and protection.

Cost of Drone Insurance

The cost of drone insurance is dependent on many different factors. For a high-quality commercial drone insurance policy, you can expect to pay more than if you were to get a private use drone insurance policy. For those who are only planning on using their drones for a short period of time, it may be possible to purchase insurance where you are only required to pay to insure your drone per hour.

The exact rates and contingencies for your policy will vary depending on your specific circumstances. It is best to talk to your insurance agent to see what your rates and coverage will be to ensure that you are protected should you ever need to use your insurance to cover loss or damages to personal property, or damage to others property.

Requirements for Obtaining Insurance

The requirements for obtaining drone insurance can vary from one company to the next. While there are differences that each insurance company will consider when determining your eligibility for insurance coverage, there are a few things that are standard for all insurance providers. By following these simple tips, you’ll increase your chances of getting affordable drone coverage.

  1. Have all the necessary information readily accessible to apply for your plan.
  2. Log a minimum of 50 hours of time flying the drone.
  3. Try to get licensed as a drone pilot. If this is not available, try to complete some form of drone training.
  4. Try to automatically log the amount of time that your drone is in the air.

Types of Insurance

There are two generally broad categories for drone insurance: hull policies or liability policies. Hull policies will cover damage to the drone itself, whereas, liability policies can cover damages incurred to the property of others from the drone. Having liability is especially important when flying in areas where there are windows or other fragile obstacles that can easily be broken by drones. Most insurance policies will have a combination of both hull and liability features worked into the policies.

Additionally, insurance policies can differ in terms of the pilots and the purpose of the drone. If you are using your drone for commercial purposes it is imperative to have an insurance policy that is geared towards commercial use. Commercial insurance policies tend to be more expensive than that of recreational policies. If you are only using your drone for recreational uses, you’ll want to find an insurance policy that is more geared towards recreational.

While the FAA has not made any official mention of requiring insurance for flying drones, it is generally a good idea to have an insurance policy in place. With the use of drones growing globally for commercial purposes, it is assumed that many customers and partners will soon be taking insurance into consideration when vetting out commercial drone operators.

After searching through the drones for sale on the DRONEFAX website, it is generally a good idea to protect your new investment by investing in drone insurance. Don’t let your countless hours and hard-earned money be wasted by a simple drone accident when your drone could have been insured.


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