When you get a drone, you might become overwhelmed by its control aspects and flying it. Once you perfect your skills and are able to prevent crashing and other accidents, you will be ready to use the drone as a professional. However, what are you supposed to do when you are using your drone professionally? The first thing you need to consider is taking an insurance cover on your drone. Some of the questions you need to take into account before buying the cover include:
What is the significance of taking an insurance cover when doing business with your drone?
For recreational drone users, taking an insurance cover is not a requirement. However, could be a legal requirement for commercial drone pilots to take insurance covers.
For drone users in USA, it is not compulsory to buy an insurance cover for a drone being flown for business purposes. The Canadian government, however, has set a legal regulation stipulating that each commercial drone should have an insurance cover of at least $100,000.
What do you need to apply for a drone insurance cover?
Before purchasing any insurance cover for drones, you first have to identify the type of insurance cover that you are looking for. You then provide your personal details such as name, address, contact info etc. The insurer will also need you to provide information about the drone.
Does the work you do affect the insurance you take on your drone?
Yes, it does. Different jobs have varying regulations and you may find different professions setting the minimum coverage that each insurance policy should have.
Moreover, some works require an insurance cover just to show your customers that you are both reliable and trustworthy in your job. These include contract ventures such as electrical roofing. In such professions, an insurance cover will show your clients that you are serious with your work and are aware of the multiple risks this technological advancement comes with.
What influences the policy that you can take for your drone cover?
When you are looking to take an insurance cover on your drone, you need to consider the factors that affect how you use the drone. While different companies have varying policies, most of them take into account your:
- Business Volume
The amount of work you intend to do with your drone varies hence the amount of premiums and insurance covers to take. If you intend to use your drone to complete high value projects, you are likely to pay more in premiums as opposed to when you use your drone for small projects.
Your level of experience while piloting the drone will also affect the policy you will take with whichever insurance company. Beginners are at a higher risk of crashing or losing the drone as compared to professionals. As such, beginners are more likely to pay more.
- Piloting Background
Your piloting background will show how good you are with the drone and reveal your clumsiness. Your insurance agency will need to know the flight time you have logged over your flying period.
Can I get my drone insurance cancelled?
Although it is possible, having your drone insurance cancelled is the last thing you should allow to happen. This is because you drone could be involved in an accident or navigate it to an unknown location. In such cases, you need the cover. Since you will not be okay with incurring the loss, it is imperative to have an insurance cover protecting your drone against such losses.
Moreover, you should be careful and read the terms and conditions that bind your contract with the insurer. This is because not adhering to them would give the insurer grounds to withdraw your insurance policy.
What should you do if you need to file an insurance claim?
There are regulations stated by the insurance company on your policy. Go through each requirement to know what the insurer needs from you and what to avoid. Get in touch with your insurance representative and do not abandon your drone. Stay where you were when the drone accident occurred as directed by your insurer.