December 14, 2016
Drones are clear to take-off, according to the FAA—the skies are open for business. Now, before you head out and start a commercial drone business, it’s important to consider drone insurance. There are a few drone insurance options available to pilots on the market. One such insurance type is drone liability insurance. But, what does drone liability insurance cover exactly?
Liability coverage, in short, protects you if you are operating a drone and cause bodily injury or property damage. In other words, drone liability insurance was created to cover damage or injury, caused by a drone piloted by the policy holder, to other people and their property in the case of an accident.
To give an example, if a drone operator with American Heritage’s drone liability coverage accidentally hits someone riding a bike with their drone, it would cover the person who was hit and their property. If the drone or the drone operator were hurt during the crash, the insurance policy would not cover those damages.
It is important to know exactly what your insurance policy covers. Here at American Heritage Insurance Agency, we offer a unique and comprehensive UAS/UAV/Drone insurance program for pilots and commercial drone operators. One such insurance policy that we offer, liability coverage, covers a lot of the potential issues a drone pilot could run into when operating their drone. That said, it’s best to reach out and speak to a representative today to get a more complete understanding of the coverage options available to you.
Types of Drone Insurance Coverage
At American Heritage Insurance Agency, Inc. you can purchase Liability, Hull (Physical Damage), and Trespass (Privacy) coverage for your drone, UAS, or UAV.
- Liability coverage protects you if, by operating a drone, you cause bodily injury or property damage to others.
- Hull/Physical Damage covers your drone and the payload it carries in the event it gets damaged, stolen, or destroyed (subject to policy terms).
- Non-Owned Coverage covers drones and equipment that you do not own or that third parties may operate.
As you can see, there is a wide variety of different coverage options available to drone operators. We recommend you contact us to discuss what type of drone insurance would best suit your specific needs.