Welcome Mavic Pilot!
Jump in and join our free DJI Mavic community today!
Sign up

State Farm canceled me today

MnDroner

New Member
Joined
Feb 5, 2018
Messages
3
Reaction score
8
Age
49
Yep, had filed a claim this past fall (Oct) when I crashed my Mavic (total loss). Received a payout and bought a new Mavic. I contacted them and gave them the updated serial number of the new drone to continue with the policy. Today I received a letter from State Farm saying that my policy will NOT be renewed due to the fact that I had made a claim. Looks like State Farm is getting smart to the fact that its a no win policy on drones. At least my policy goes till April before I have no more coverage on it. BTW this is the first claim I have made on any Ins.policy I have taken out in 25 years with State Farm.
 

Cyberpower678

Well-Known Member
Joined
Jan 11, 2017
Messages
3,988
Reaction score
1,798
Kind of inevitable. Considering how many crash and/or lose it, State Farm's probably making a loss.
 
  • Like
Reactions: svjakobs

wytnyt

Well-Known Member
Joined
Nov 16, 2017
Messages
1,532
Reaction score
882
Loc
Va.
i figured something like this would happen soon or later as a drone is high risk,bad part are those that have car,home and such on their policy.
 

kakao

Well-Known Member
Joined
Dec 13, 2017
Messages
397
Reaction score
144
Age
58
No one in Australia is willing to insure a drone while in use. Only at home.

:(
 

zezrum

Well-Known Member
Joined
Jan 3, 2018
Messages
66
Reaction score
34
Age
46
Will the claim impact your future insurance renewal rates? I assume insurance carriers share claims detail?
 
  • Like
Reactions: sheldore

wytnyt

Well-Known Member
Joined
Nov 16, 2017
Messages
1,532
Reaction score
882
Loc
Va.
Will the claim impact your future insurance renewal rates? I assume insurance carriers share claims detail?
im sure its along the same line as a credit score,nothing is secret these days.
 
  • Like
Reactions: boxsterfahrer

MichiganMavic

Well-Known Member
Joined
Dec 30, 2017
Messages
960
Reaction score
735
Loc
Maui & Michigan
I wouldn’t be surprised if all State Farm insurance agents get a notice about not insuring drones in particular soon. The bean counters will figure this out soon and if they are losing more than earning, No Coverages!
 

tcope

Well-Known Member
Joined
Oct 24, 2016
Messages
2,299
Reaction score
1,495
Age
52
Loc
Sandy, UT
I mentioned this in a post but it was some time ago. If this was the only item on the policy State Farm _should_ cancel the policy once the item has been paid for. Let me explain...

You obtained a policy for (I'll make up the number) $1000 worth of coverage for $60. You filed a claim and the company paid $1000. They have now fulfilled the terms of the policy. So it should be terminated. It makes no sense for them to then give you another free $60 for another $1000 worth of coverage. Make sense?

So, the policy may not have been cancelled because they no longer want the risk (though, that is possible), it may have been cancelled and the policy ran it's course. I recommend that you contact your agent and ask about this.
 

tcope

Well-Known Member
Joined
Oct 24, 2016
Messages
2,299
Reaction score
1,495
Age
52
Loc
Sandy, UT
Typical, want to take your premium but not keen on paying out when it all goes wrong!
Did they not pay out? Odd... I thought the OP stated that they did pay out. So, they collected the agreed premium and paid out. ( mod removed ) for doing as they promised!
 
Last edited by a moderator:

Anthony Viscomi

Well-Known Member
Joined
Oct 12, 2016
Messages
2,822
Reaction score
1,376
Loc
Philadelphia, PA
I mentioned this in a post but it was some time ago. If this was the only item on the policy State Farm _should_ cancel the policy once the item has been paid for. Let me explain...

You obtained a policy for (I'll make up the number) $1000 worth of coverage for $60. You filed a claim and the company paid $1000. They have now fulfilled the terms of the policy. So it should be terminated. It makes no sense for them to then give you another free $60 for another $1000 worth of coverage. Make sense?

So, the policy may not have been cancelled because they no longer want the risk (though, that is possible), it may have been cancelled and the policy ran it's course. I recommend that you contact your agent and ask about this.
100% correct...I insured my home, 3 cars and motorcycle through SF, thus I would imagine that if I were to submit a PA claim they would think twice about canceling me.
 
  • Like
Reactions: lenzwizard

CCTjohn

Well-Known Member
Joined
Nov 24, 2017
Messages
70
Reaction score
36
Age
42
Been with State Farm for about 20 years. Current Policies on house, two cars, camper and now my mavic.

When I set up the PA policy I asked about premiums if I filed a claim. He said "we don't charge a penalty for personal article. Now I would go out and crash it three times but you'll be okay."

That said if I crash, and get paid out it is still in State Farm's best interest to keep me.
 

tcope

Well-Known Member
Joined
Oct 24, 2016
Messages
2,299
Reaction score
1,495
Age
52
Loc
Sandy, UT
Been with State Farm for about 20 years. Current Policies on house, two cars, camper and now my mavic.

When I set up the PA policy I asked about premiums if I filed a claim. He said "we don't charge a penalty for personal article. Now I would go out and crash it three times but you'll be okay."

That said if I crash, and get paid out it is still in State Farm's best interest to keep me.
The PA is completely separate from your other policies. What Sf _should_ do if they pay out on the PA is cancel that policy (if the only item on the policy is what they paid for) and simply keep your other policies active. This is not an all or nothing thing. These are separate polices. Just as a carrier could cancel an auto policy but not cancel a home owners policy for the same person.

If an agent tells you that your premiums won't change if you have a claim, ask for it in writing. Anything less means nothing. There is a good chance they won't commit themselves to this beyond trying to sell you something. If they will, great. It's like asking a car salesman if you are getting a good deal.
 
  • Like
Reactions: CCTjohn

MnDroner

New Member
Joined
Feb 5, 2018
Messages
3
Reaction score
8
Age
49
I mentioned this in a post but it was some time ago. If this was the only item on the policy State Farm _should_ cancel the policy once the item has been paid for. Let me explain...

You obtained a policy for (I'll make up the number) $1000 worth of coverage for $60. You filed a claim and the company paid $1000. They have now fulfilled the terms of the policy. So it should be terminated. It makes no sense for them to then give you another free $60 for another $1000 worth of coverage. Make sense?

So, the policy may not have been cancelled because they no longer want the risk (though, that is possible), it may have been cancelled and the policy ran it's course. I recommend that you contact your agent and ask about this.
Policy was not cancelled, it expires in April. The letter states that I may not "renew" the personal protection policy with State Farm due to the fact that I had made a claim under it with my drone as insured item. Guess its all about the money, that's how it works. Pay em for years, 1000,s of dollars for my auto and business policy's and had never made a claim. One claim on a PP policy and they refuse to insure it (drone) anymore.
 
  • Like
Reactions: lenzwizard

sifulee

Member
Joined
Dec 27, 2017
Messages
13
Reaction score
6
Age
46
How do I go about setting up a policy with them? Whats type of policy is it under, etc...
 

New Threads

Forum statistics

Threads
65,946
Messages
766,309
Members
93,101
Latest member
Cobra28409