Drones have taken the world of photography by storm! They have revolutionized how we capture emotions and natural beauty in our daily lives. If a farmer wants to capture how their crops look from the sky, they can use these flying objects to take a snap from hundreds of meters above the ground.

If building contractors want to create a blueprint of their construction site, they can use drones to capture high-definition images through these unmanned aerial vehicles. For these significant reasons, businesses who want to provide best-in-class service to their clients, make efficient use of drones all the time.

This article would help you understand how you can insure your drone so that a provider can cover your expenses in case this cutting-edge flying technology gets damaged.
Large scale event and festival commercial photography insurance
Large scale event and festival

Insurance Options for Drone Owners

Like any other insurance plan, drone owners whether they are corporate entities or individual users can acquire either a basic policy or comprehensive coverage for their drones.

Basic insurance coverage

Losing or breaking gear sucks. Having to replace gear at full price is even worse and in some cases can bankrupt a small business. As per the Professional Photographers Association of America, basic coverage for drones can cover losses of up to $100,000. The coverage also includes theft and disappearance under mysterious circumstances. If you are not satisfied with a basic insurance policy, then there is always a comprehensive coverage plan that you can sign up for. Even if you’re just getting started and are still wondering what drone to choose from, always consider the worst case scenario and plan ahead.

It is a good rule of thumb that any time you can damage someone else’s property or be personally charged for damages, you should be insured. This is especially critical when dealing with real estate, construction projects, or large scale events and festivals.
Drone video insurance
Insurance is important, especially near water

Comprehensive insurance coverage

This type of insurance policy can include damage caused to other party’s property or body from your drone. It is important that you do not change any part of the evidence and wait for your insurance provider to evaluate and take pictures of the place where the incident happened.

Some companies might ask you for your remote flying license issued by the Federal Aviation Authority before they provide you with a comprehensive coverage plan.

How to select your drone insurance provider?

Your best bet for getting a suitable policy for your drone is to go online and search for different insurance providers and get a free quote for your drone.

The basic information that you will need to provide a potential drone insurer would include:
  • Type of coverage you are looking for.
  • Your contact information including name and email address.
  • The type and model of your UAV or Unmanned Aerial Vehicle.
  • Where and how you are planning to use your drone.
Real estate photographer insurance
Real estate drone photography

How Much will commercial drone insurance cost you?

While each company has its own fee structure and terms and conditions to insure your drone, you should be ready to pay at least $750 per year to ensure your remote flying object. However, there are certain items that your insurance provider would need you to keep track of.

These often include:
  • Flight time
  • FAA license
  • Maintenance log for your drone
  • Where do you usually fly your remote controlled flying object

Concluding Thoughts

Drones or unmanned aerial vehicles are a great way to capture images that you can cherish for a lifetime. However, it is important that you insure this equipment because you never know what it can collide with when it’s flying hundreds of feet above the ground. Protect yourself and your business physically and financially by carrying the proper insurance and always studying the local laws.
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