Insurance

Discussion in 'Mavic Pro Discussions' started by Golfnut, Oct 31, 2016.

  1. Golfnut

    Golfnut Well-Known Member

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    Checked with my insurance company in Canada. The Canadian government is talking about making drone insurance mandatory, specifically liability insurance. Anyway, liability is covered under my homeowners policy so if the drone causes property damage or personal injury to someone, I'm covered. To be safe, I'm getting all of this in writing, including the limits of liability.
    As for insurance for the drone itself, I can get total coverage for loss, damage, theft etc for 4% of the value of the drone, so in the case of the Mavic, $40 US per year.
    Worth a call to your insurance company before you spring for DJI insurance.
     
  2. dam

    dam Well-Known Member

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    And who is your insurance provider ?
     
  3. Golfnut

    Golfnut Well-Known Member

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    Intact Insurance but your broker will have his/her preferred suppliers.
     
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  4. Rom3oDelta7

    Rom3oDelta7 Well-Known Member

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    My provider (Chubb) agreed to include my Mavic under my scheduled policy for my camera equipment. With a scheduled (e.g. specifically itemized, with serial numbers and established values) policy, it is attached to your homeowner's policy but is independent of it. There is no deductible and claims do not affect your homeowners policy. This is the mechanism carriers use for jewelry and art collections. Check this out if it is available - there was only a small incremental cost on top of my previous blanket coverage.
     
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  5. Derodeo

    Derodeo Member

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    Yeah, drone insurance would likely need a specific policy under your home owners insurance. Otherwise the deductible alone would make this impractical, not to mention the impact a claim might have on your homeowners premium come renewal.
     
  6. Rom3oDelta7

    Rom3oDelta7 Well-Known Member

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    Indeed. My homeowner's policy deductible is much more than the cost of the Mavic.
     
  7. Johanna

    Johanna Well-Known Member

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    Just got verification from my home insurer. Drones are covered under the standard policy (for camera/equipment) to a value of 3000.00 per item. Liability extends to cover drones as well. I am totally covered under my standard policy, no additional requirements.
     
  8. Grey Wolf

    Grey Wolf Well-Known Member

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    Are you absolutely sure your homeowners policy covers the Mavic?
    I tried everything and no insurance company other than aviation insurance would cover it for liability.
    I'm paying $650.00 a year for the Transport Canada minimum $100,000 coverage.
    As for insuring the drone, I had to get a program lease to buy with a video equipment financer, Meridian, in order to have it insured.
    It's about $59.00 a month.
    My video equipment insurer would not insure the drone.
    Just make sure you are indeed covered.
     
  9. Johanna

    Johanna Well-Known Member

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    To clarify, this is for recreational use not commercial. Liability 1 M, 3,000 per item.
     
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