If you’re considering purchasing drone flyaway insurance, then this blog post is for you. Drone flyaway insurance is a type of coverage that protects your investment in case your drone flies away or gets lost and can’t be found. If you have an expensive model, it may be worth the cost to get this peace of mind! We’ll go over the benefits as well as some other things to consider when deciding whether or not to purchase the insurance.
Benefits of Getting Drone Flyaway Insurance
Protects your investment by covering what you can’t afford to replace in the event of a flyaway.
Provides peace of mind that if something happens, then it’s covered under insurance and not out-of-pocket.
Cover the cost of a new drone and accessories if you happen to purchase one.
Offers coverage for other things like filming, mapping, surveying, aerial inspection, or photography.
Can provide reimbursement for lost time while waiting on repairs or replacement equipment
Things to Consider When Buying Drone Flyaway Insurance
How expensive is your drone?
What’s the cost of a replacement for that model if it’s lost or crashed in an accident (e.g., $100, $400)?
If you’re not sure what the right answer is, consult with someone who knows more about drones.
Do you fly your drone often? If so, then it may be worth the cost to get insurance since accidents do happen and drones are expensive!
What type of coverage is included with flyaway insurance (e.g., replacement or repair)?
If your drone has a camera attached, does that increase the price of the policy?
Coverage of Drone Flyaway Insurance
Most insurance companies will cover the cost of a replacement or repair if your drone flies away.
Some policies include coverage for camera equipment and other add-ons that you may have on your drone, while others don’t.
What is Not Covered by Drone Flyaway Insurance?
The cost of the initial purchase.
Accidental damage (e.g., a crash).
Personal injury to you or others, including property damage, resulting from your use of the drone while it is under warranty.
Loss due to wear and tear on incorrectly maintained equipment that is not covered by its manufacturer’s warranty.
Cost of Drone Flyaway Insurance
The cost of drone flyaway insurance varies depending on a number of factors.
Some examples include:
- The price or value of the lost equipment, which is typically set between 50%-100% of the purchase price (e.g., $200-$400).
- How often you use your drone and how expensive it is to replace it.
- Whether or not you have other equipment attached to your drone.
- If the policy includes coverage for a camera and its attachments, this will increase the cost of insurance.
If you’re considering purchasing flyaway insurance, take some time to compare prices from different providers before making any purchase decisions!
Which Companies Provide Drone Flyaway Insurance?
Currently, DJI is the only company offering flyaway insurance on their drones.
Drones are expensive and flyaways can happen without warning. If you’re considering purchasing drone flyaway insurance, then this article is for you! We’ve discussed the benefits as well as some other things to consider when deciding whether or not to purchase the insurance.
