When someone buys a drone for themselves or their children, the last thing they are thinking about is purchasing drone insurance. But you have to consider the risks involved with flying drones, even the smaller recreational ones. If the ground pilot loses control of their drone then it could crash into a car or a person. The regulations surrounding recreational drones are still fairly lax. There are currently no laws requiring people to get a license to fly a drone. This means amateurs could be flying drones while increasing the risk of a drone accident. If the drone were to damage someone’s property or another person then the owner of the drone would likely get sued by the victim in civil court. The only way the owner can stay financially protected in this situation is if they have insurance to cover their end. That is why drone insurance is being taken more seriously by drone buyers.
As of right now, the only organization that sells insurance policies to drone hobbyists is the Academy of Model Aeronautics. Adult pilots only have to pay $75 per year to get drone insurance coverage. There are currently 185,000 members in the group but the number is only growing as more people learn about the organization. Members receive personal liability coverage in the amount of $2.5 million and medical coverage in the amount of $25,000. This is a pretty good deal for $75 per year. Plus, you have to consider what the victim’s insurance policies will cover. There are many home insurance policy providers, like Allstate, which will insure the damage done to a person’s home that was caused by someone else’s drone. However, if you damage your own home with your drone then policies like these will not insure the damage. As for other home and car insurers, their policies have varying rules when it comes to damages caused by drones. But as drones become more popular in our society, these policies are bound to have revisions made which cover drone damages as well.
There haven’t been any serious accidents with hobby drones reported yet. Most of the claims filed by insured drone hobbyists have been small claims. These are incidents where drones crashed into cars or into windows of people’s homes. You might think this is a big deal but you have to remember that most hobby drones weigh less than two pounds. They also don’t fly very fast either. You could cause more damage throwing a football into a window than flying a drone into a window. The only real reason to purchase insurance would be in case you injure a person with your drone. Otherwise, you shouldn’t worry too much about it. Just get experienced with flying your drone by practicing your skills in an open secluded area. Then you will know how to handle the drone when flying it in a populated area.