You Can Now Buy Drone Insurance From AIG

[DeputyDrone]

Just read this online:

Nervous pilot? You might be able to command your UAV with a little more peace of mind now that AIG is willing to sell you drone insurance.

The insurance company has launched a series of policies that will cover you for all kind of accidents. Perhaps most importantly, it’ll provide third party liability in case you crash your drone into someone or something else. But it’ll also cover physical damage to the aircraft itself, including cameras and other hardware that you’re having it carry, and there aren’t any exclusions if something goes wrong with the on-board electronics.

The costs depend on what kind of cover you’re going for: it’s going to be more expensive to cover your custom-made drone carrying a RED camera than it is you DJI Phantom with a GoPro lashed to its undercarriage. Either way, it’s unlikely most people will choose to cover themselves for the drone they use in the backyard, but for anything more serious it might be a tempting option. Flying a drone, after all, isn’t always easy.


[Business Insider via Engadget]

 

[Darmie]

Humm. Interesting article. Now, who to go with, there are a few popping up. Ask drone U always talks about insurance as well

 

[kphantom]

AIG will insure anything, and usually at high price in their favor. As they say, it's risk management.

 

[jdawg39]

I reached out to them, they quoted $200 for one year or $300 for 2 years($150/per)

 

[klawtrax]

I reached out to them, they quoted $200 for one year or $300 for 2 years($150/per)

What kind of coverage did this cover?

 

[jdawg39]

all accidents, all maintenance - you cant lose the drone is about the only thing it doesnt cover

 

[fly_it]

That's just for the drone, right? Does that quote include any liability coverage?

 

[kenjancef]

The OP's quote says "third party liability in case you crash your drone into someone or something else."

Looks interesting...

 

[klawtrax]

That's not bad at all, may have to look further into this. Thanks for the info.

 

[DeputyDrone]

I'm about to start a business I'll let you know what they say.

 

[BobUnplugged]

AIG does not offer the insurance. I was quickly shoved off to a company called Newtek.

UPDATE: I called Newtek, at the number AIG gave me, 866-639-1835. They took my info and promised a callback. But the nice lady that answered the phone was aware that they offered UAV insurance. (And she asked me if it was going to use it for business or personal, but I know that the blue lizard on the Newtek TV commercials works for the government, so I glossed over that one....)

 

[DeputyDrone]

Strange AIG doesn't offer it, they have forms available online for it.

Unmanned Aircraft - Insurance from AIG in the US

I'm filling the forms out today and submitted. Of course I'm a business so that may be the difference.

 

[lawman0210]

I'm about to start a business I'll let you know what they say.

I'm sure business insurance will be at east double then personal even with the same coverages

Sent from my SM-G920V using Tapatalk

 

[Jayfdee]

I have 3rd party cover in the UK from Join FPV UK - FPV UK
£16/yr. I keep the certificate in my flight case,just in case a member of the public asks me.
On the subject of members of the public, here in the UK all my encounters are extremely positive, never had a complaint,everyone is just curious and wants to talk positively. I always fly in very safe areas, which become slightly unsafe, when someone approaches me and strikes up a conversation and sometimes distracts, but on balance I prefer to talk to people, and hover a bit,all good for the sport.
I do not bother with insuring the bird,not worth the premiums.

 

[DeputyDrone]

I have 3rd party cover in the UK from Join FPV UK - FPV UK
£16/yr. I keep the certificate in my flight case,just in case a member of the public asks me.
On the subject of members of the public, here in the UK all my encounters are extremely positive, never had a complaint,everyone is just curious and wants to talk positively. I always fly in very safe areas, which become slightly unsafe, when someone approaches me and strikes up a conversation and sometimes distracts, but on balance I prefer to talk to people, and hover a bit,all good for the sport.
I do not bother with insuring the bird,not worth the premiums.

You are right on how you've explained how to fly. Too many are out acting like Wankers which will and does cause us problems. Thank you for your safe flying.