So you basically had a collision claim every 6mo for the next 1.5 years? Depending on the cost of those claims, I can see why they want to drop you. They drop you because of a negative experience on their end. They aren’t in business to lose money my friend.
It also gets reported to a national database used by all insurers, so you'll end up paying a substantial premium increase no matter where else you go!
I can see where you're coming from but that assumes I will continue to have accidents at this rate from here on out - a bean counter's approach maybe. If you read the fine print in my comment, you might notice that these were no-fault accidents (not preventable and not my fault) which happened sporadically and just happened to be clustered. A statistician would probably conclude that I'm an excellent risk for the near interim at least, since I had three events in a row (considering my history otherwise), and even with these three pay outs, State Farm has enjoyed a healthy profit from me and would continue to do so were it not for their bean counting mentality. That's the part that makes no sense. Anyway, just a cursory warning for those considering drone coverage with State Farm if they have more important policies like homeowners coverage.
Were you discussing coverage for the State Farm Personal Articles Policy specifically? If you were, then the answer is yes, it is covered. It would be called a Mysterious Disappearance and that peril is covered on a PAP. It's the same as putting a diamond ring on the PAP and then losing the diamond out of the setting. The value of the diamond is covered. Just make sure that you are talking to your agent about a Personal Articles Policy, not coverage on your personal property for your homeowners policy.
If you make a false insurance claim, that is fraud. The covered perils of this policy included 'mysterious disapperance" State Farm has agreed to cover this peril and will pay legitimate claims accordingly. Your personal morals and ethics will determine if you want to falsify claims or not. The insurance company can investigate the loss further if they desire. It;s the same process for any other type of claim.
It's not "to good to be true" This is a legal insurance contract and the perils listed in the policy will be covered. Underwriting will investigate claims as needed to determine validity of loss. This type of policy is often used for camera equipment, precious gems, collectible items(coins, stamps), art, firearms, ect.
