Mavic Pro Insurance!

[Gator250]

Thanks to all who mentioned State Farm as a source for UAV insurance. $60/yr 0 deductible. I have liability through my homeowner's policy. State Farm only covers the Mavic, which is exactly what I was looking for!

 

[SRJ_Mavic_PRO]

Yea after reading about State Farm I have now contacted a few offices local to me in MD and am about to get their insurance.
Thanks all...

 

[tcope]

Thanks to all who mentioned State Farm as a source for UAV insurance. $60/yr 0 deductible. I have liability through my homeowner's policy. State Farm only covers the Mavic, which is exactly what I was looking for!

Any possibility of uploading a copy of the policy (excluding the Declaration pages)?

Agents will tell you one thing... this policy sometimes reads differently.

 

[SRJ_Mavic_PRO]

Sure...I think I will pull the plug on the insurance in the next two days and if I can post the policy I will,

 

[RobertD]

Waiting to see and hear more about State Farm Insurance.

 

[Threshold]

What does the insurance cover? Damage caused by drone?

 

[Mdrone]

Interested to insure in MD as well! Please let us know the details

 

[JJM]

What does the insurance cover? Damage caused by drone?

1st post says loss, theft, and damage TO the aircraft.

 

[Spin]

I just picked up State Farm insurance today! $60 yr covers both my Mavic and Inspire 2. Waiting for the policy to be sent to me but the agent said 100% Risk 0% deduct, meaning any loss, fly-a-ways, dropped, stolen, lost in water, accidental damage so on. I need to read that policy but the agent said anything that goes wrong...so...its a no brainer if she is correct. I use Verifly for liability coverage.

Oh, and this is just for recreational use not business.

 

[naeemr86]

Thanks to the person who started the post I got $50/yearly in NJ by state farm. The agent wasn't even aware of this Personal articles policy for drone till he did some checking. Thanks again

 

[SoapyGolem]

What do I say when I call them? I would like drone insurance ? I do not have state farm at all

 

[Gator250]

What do I say when I call them? I would like drone insurance ? I do not have state farm at all

Not necessary to have an existing policy with State Farm. I inquired about UAV PAP (personal article protection).

 

[Skippy905]

I'm curious if this would apply to State Farm in Canada as well? Anyone with experience in Canada getting Drone Insurance (and not as just covered under your house insurance).

 

[Foxtrot Uniform]

I am kind of surprised how many people are insuring these drones through state farm considering that making claims can negatively affect your future premiums for homeowners, car, ect.

 

[SRJ_Mavic_PRO]

Ummmmm not when you don't have any other policies with State Farm other than the drone policy.....

 

[erkme73]

Ummmmm not when you don't have any other policies with State Farm other than the drone policy.....

Ummmm... If only your accuracy matched your confidence. This is direct quoted email from an SF agent..

A personal articles policy (PAP) policy is considered a “fire” policy. Under the fire category is home, PAP, and inland marine policies. If there is a claim on any of these policies, it is recorded in Lexus Nexus and does affect your future rating if you intend to get any of those policies started as new business.

With State Farm (I can’t speak for other companies) if you do a PAP claim during a time where you have an existing home policy, it will not affect your rate. As I mentioned before, however, if you start a new home policy, it does have the potential to affect that..

Any claim on any property policy could be considered during underwriting for rating purposes by any carrier, so it’s no different than having an auto claim and then shopping your auto policy after.​

LexisNexis is a risk rating bureau, much like Equifax or Transperian handle credit ratings. To say that filing a claim against a SF issued policy won't affect your risk rating with another company would be like saying if you default on your Amex, your credit rating won't suffer for Visa or Mastercard.

Each person's LexisNexis is accessed regularly by much more than the insurer you currently have. Having losses recorded in that database can be significant - especially if you regularly shop for new insurance to obtain the lowest rates.

 

[smatthews]

I am kind of surprised how many people are insuring these drones through state farm considering that making claims can negatively affect your future premiums for homeowners, car, ect.

How can you possibly be surprised that people would insure a vehicle...car, aircraft, unmanned, etc.? Crashing your UAV and being out ~$1000 would negatively affect your future flying

 

[ronzer]

My State farm said it would only cover loss from a fly away or stolen. Not damage to a crash.

 

[ronzer]

Good luck trying to cash out on a crash.

 

[JJM]

I am kind of surprised how many people are insuring these drones through state farm considering that making claims can negatively affect your future premiums for homeowners, car, ect.

It helps people feel better and that's all that matters.