IDRA drone insurance policy receives much needed streamlining

drone insurance policy

The International Drone Racing Association has condensed its liability coverage into a single policy. The International Drone Racing Association (IDRA) has created a new condensed version of its drone insurance policy. This makes it possible for pilots to purchase a single policy regardless of the number of drones they have. This new policy has worldwide coverage for IDRA members and does not have a deductible. The new drone insurance policy provides $1 million in coverage for $265 per year. Upon purchasing the coverage, the insurance becomes active within 24 hours.…

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Liability insurance coverage needs spike with popularity of drones

liability Insurance industry policy for drones

As businesses start to find a use for these unmanned flying devices, insurers are selling more policies. Commercial uses for drones are practically limitless and as businesses start to come up with reasons to use these flying devices, insurers are getting calls to make sure the appropriate liability insurance coverage is in place to cover the various perils that could be associated with them. Particularly the case in the United States for the last year, but other countries like Canada are s seeing similar trends. According to the Insurance Bureau…

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Insurance industry takes considerable interest in commercial drones

liability Insurance industry policy for drones

Insurers have started catching onto what many other sectors have been doing with these flying devices. Across the United States, Canada and several other countries, the insurance industry has been watching the use of commercial drones by real estate agents for listings, farmers for crop monitoring and even mapping for the oil sands, as the use of these flying devices does come with a certain degree of risk. Insurance companies have spotted this risk and are coming up with products to help protect businesses using drones. Drones can offer amazing…

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Insurance policy may be required for this popular Christmas present

liability Insurance industry policy for drones

Thousands of kids (of all ages) will be unwrapping drones but not all know if they should have coverage. Across the United States, thousands of drones have made their way under Christmas trees so that novice pilots will be able to fly them but what many people haven’t realized is that an insurance policy can be one of the best accessories that can come with these gifts. While many of these devices will be played with without problems, there are others that will be crashed. As these hobby drone devices…

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