{"id":8198,"date":"2016-01-18T12:03:33","date_gmt":"2016-01-18T17:03:33","guid":{"rendered":"https:\/\/theinsuranceshop1.com\/?p=8198"},"modified":"2016-01-13T10:33:52","modified_gmt":"2016-01-13T15:33:52","slug":"do-you-need-insurance-for-your-drone","status":"publish","type":"post","link":"https:\/\/theinsuranceshop1.com\/?p=8198","title":{"rendered":"Do You Need Insurance For Your Drone?"},"content":{"rendered":"

Don\u2019t Get \u201cDrone\u201d for a Loss this Holiday Season<\/h1>\n
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Be Sure You\u2019re Covered Before Taking to the Skies with Your New Flying Gadget<\/div>\n<\/div>\n<\/div>\n
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\"drone,<\/p>\n

More than a million drones<\/a> 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.<\/p>\n

Recently, the FAA has mandated registration for most drones and has issued guidelines<\/a> 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\u2019s always a smart call to add insurance to your pre-flight checklist.<\/p>\n

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\u2019t expect coverage if you\u2019re operating your drone in the commission of illegal activities.<\/p>\n

Homeowners and Renters Insurance<\/strong><\/p>\n

Drones are most likely covered under a homeowners insurance policy (subject to a deductible<\/a>). Coverage also applies to renters<\/a> insurance.According to the latest I.I.I. PulsePoints survey<\/a>, only 40 percent of renters in the United States have this coverage, so it\u2019s imperative that people who rent purchase this coverage before operating a drone, as their landlord\u2019s insurance policy will not<\/em> protect them.<\/p>\n

Liability<\/em><\/p>\n

The liability<\/a> 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\u2013for example if your drone inadvertently takes pictures or videotapes a neighbor who then sues you. It will not cover any intentional invasion of privacy.<\/p>\n

No-fault medical coverage<\/em><\/p>\n

Your policy may provide no-fault medical coverage<\/a> if a friend or neighbor is accidentally injured by your drone. (Coverage levels vary, so check with your Insurance Professional.) But be aware that this coverage will not pay medical bills for your family members or pets if they are injured by your drone.<\/p>\n

Theft or loss of a drone<\/em><\/p>\n

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\u2019s 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.)<\/p>\n

Auto Insurance<\/strong><\/p>\n

If your drone crash-lands into your car, damage may be covered under your auto insurance if you purchased optional comprehensive<\/a> insurance. (Comprehensive insurance covers damage to a car from fallen objects and other disasters, subject to a deductible).<\/p>\n

Commercial Insurance<\/strong><\/p>\n

Damage or injuries caused by a drone used for commercial (i.e., business<\/a>) purposes are not<\/em> covered by a standard homeowners or renter\u2019s 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.<\/p>\n

Sure, the sky\u2019s 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.<\/p>\n

For more information on drone regulations and registration information, fly on over to the Federal Aviation Administration<\/a>.<\/p>\n

Source<\/strong>: Insurance Information Institute\u00a0http:\/\/www.iii.org<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Don\u2019t Get \u201cDrone\u201d for a Loss this Holiday Season Be Sure You\u2019re 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 … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,32,29,5,3,33],"tags":[11,34,12,9,17,47],"class_list":["post-8198","post","type-post","status-publish","format-standard","hentry","category-auto","category-business-insurance","category-car-insurance-2","category-general-insurance","category-homeowners","category-liability-insurance","tag-auto-insurance","tag-business-insurance","tag-car-insurance","tag-home-insurance","tag-homeowners-insurance","tag-renters-insurance","item-wrap"],"_links":{"self":[{"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=\/wp\/v2\/posts\/8198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8198"}],"version-history":[{"count":1,"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=\/wp\/v2\/posts\/8198\/revisions"}],"predecessor-version":[{"id":8199,"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=\/wp\/v2\/posts\/8198\/revisions\/8199"}],"wp:attachment":[{"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theinsuranceshop1.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}