If you own a home or have renters insurance, your homeowners/renters policy might offer limited coverage for liability claims, damaged drones, and/or lost drones. Here are some commonly used insurance companies that offer coverage for hobbyists:
If you’re using one of these insurance companies (or another), contact your insurance agent for more details on what your specific insurance policy will and will not cover. You can then decide if you need additional hull and/or liability insurance to supplement your homeowners/renters policy.
On-Demand Insurance Providers
If you aren’t flying your drone often or don’t need liability coverage for every flight, an on-demand insurance policy from one of these companies might be a less expensive option:.
Drone Insurance - Policies available for 1 day, 30 days, 90 days, or 1 year
- Pricing starts at $30/day (if paying by day) or $1.66/day (if paying by year)
- Pricing starts at $5/hour or $29/month
- Policies available by the hour
- Policies available for 1 hour, 4 hours, or 8 hours
- Pricing starts at $10/hour
It's a stand alone policy. All my other insurances are thru a different company. Just walk into any state farm office with the drone and your original reciept, pay $60.00 and they will issue a policy. It will cover replacement if totalled, recovered or not recovered. It will not cover repairing damaged drones. It would cover you even if your dog chewed it up or it sank to the bottom of a lake...lol
Just got off the phone with coverdrone, they insure worlwide except the countries they listed on their website as not covered. Im insuring mine with them as Im travelling to the countries which are not exempted.