Welcome to PhantomPilots.com

Sign up for a weekly email of the latest drone news & information

Drone Insurance

Discussion in 'General Discussion' started by Rex Singleton, Feb 6, 2016.

  1. Rex Singleton

    Joined:
    Jan 19, 2016
    Messages:
    2
    Likes Received:
    0
    Location:
    Baltimore,MD
    Hello,
    I am using a Phantom 3. I use my drone for real estate sales mostly. I do not have a FAA exemption, i am waiting for the commercial FAA guidelines to drop. I inquired about liability insurance from Hill & Usher. They quoted me :
    Bodily Injury - Each Person: $500,000.00
    Bodily Injury - Each Occurrence: $500,000.00
    Property Damage - Each Occurrence: $500,000.00

    Hull Damage / Physical Damage to Equipment: No Coverage
    (Hull Coverage available provided your operations meet underwriting guidelines).

    Total Estimated Annual Investment: $640.00

    Is this inline with what other commercial drone pilots are paying. What are others paying?
     
  2. Imabiggles

    Joined:
    Oct 11, 2013
    Messages:
    300
    Likes Received:
    87
    That is likely not enough insurance for commercial operations. $1MM is typical. If you are flying for commercial purpose, add an umbrella to your business policy that covers UAS use, should be lots cheaper and provides additional coverage for other stuff. If you are doing it as a hobbist/business without a corporation/LLC business, you risk all the other stuff you own.
     
  3. Rex Singleton

    Joined:
    Jan 19, 2016
    Messages:
    2
    Likes Received:
    0
    Location:
    Baltimore,MD
    Thank you for your input. Yes i agree about the LLC. I will look into the umbrella policy as you have suggested.
     
Loading...
Similar Threads - Drone Insurance Forum Date
Liability Insurance for your Drone Phantom 4 Discussion May 15, 2017
SFOC drone insurance Canada - COPA - $550 / $1M. General Discussion Apr 28, 2017
Commercial Drone Opps Insurance? Insurance Mar 23, 2017
DRONE INSURANCE NEW MEXICO Insurance Mar 18, 2017
Drone Insurance, Florida Phantom 4 Discussion Mar 13, 2017