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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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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