Mavic Pro Insurance!
- Thread starter Gator250
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SRJ_Mavic_PRO
Well-Known Member
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
Well-Known Member
RobertD
Well-Known Member
Spin
Well-Known Member
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- Mar 3, 2017
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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.
Oh, and this is just for recreational use not business.
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What do I say when I call them? I would like drone insurance ? I do not have state farm at all
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Not necessary to have an existing policy with State Farm. I inquired about UAV PAP (personal article protection).
Skippy905
Well-Known Member
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
Well-Known Member
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
Well-Known Member
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.
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.
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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
