Owning a drone always opens wonderful opportunities for you. But what about its safety and protection? The answer is Drone Insurance.
The price of drones ranges between $40 to even $2000. It is a thing that you surely would not want to buy regularly if any damage happens to it. So what’s the solution? You guessed it right. It is the insurance that your drone needs in the case of an accident and mishap.
There are countless reasons due to which your drone to be insured with a valuable insurance company. We need to face the fact the drones do have some technical limitations. After all, it is a man-made machine and may have some errors in flying adventure.
How Often Drone Incidents Happen?
Drones are often referred to as UAVs (Unmanned Aerial Vehicles). As they are controlled by ground-based controllers, there is a high chance of misadventure during its flight.
There are already a number of drone incidents reported in the USA including different scenarios such as when the drone runs out of power or gets out of control. Misfortune can happen with anyone that may cause serious harm to your UAV, public property, or any random person. Of course, you won’t want to hit your drone to any house window, Would you?
Consider your drone gets stuck in an electric line and breaks it. Who would be responsible to bear the cost of maintenance and repair for that? You won’t be willing to pay that and surely you won’t when your drone is insured.
How will your Drone Insurance Work?
UAV Insurance is commonly interpreted as Drone Liability Insurance. In this way, your business will be protected from accidental harm caused to public and private property. The commercial liability insurance is ideal for real estate agents, videography and photography companies. Personal drone operators may also approach the insurance agencies for personal liability insurance.
The drone indemnification policies come with different durations including annual and short-term policies. You can select any of these according to your suitability. Some of the insurance agencies even have hourly insurance for you which is a perfect solution if you are personal drone owner (not a big enterprise)
Key Tips to optimize Drone Insurance
Here are some points that will help you to extract out maximum benefits from your UAV insurance
Marketing Your Business Through UAV Insurance
People always want to be protected and will hesitate in hiring a drone service that is not insured. So there is a room of promotion for your business by telling your clients that your drone services are properly insured.
Protecting The Drone
Hull Insurance’s basic purpose is to protect your drone from damage. It is best if your drone is expensive and good protection is needed.
Drone Insurance by Aviation Specialist
Do not get distracted by the big insurance companies entering the UAV insurance market. Aviation insurances are always the safest bet for you and your drone as basic insurance companies exclude aviation activity losses.
If you own a drone for your business then buying insurance for that must be your first priority. Also, we recommend protecting your drone from theft or other losses by means of the best UAV insurance.