State Farm Insurance instead of DJI Care

[anotherlab]

It's a risk/reward numbers game for insurance companies. For policy owners who only have hobbyist drone insurance through State Farm, once you have filed a claim, you are no longer generating income for State Farm. Your premiums are not going to cover their costs. In their eyes, you are a higher risk because you have made one claim already,

 

[PyroProdigy]

Well now you have. And that makes two (I am aware of dozen+).

Look, I don't like it either but I know what I was told. It happened to me about 5 years ago. I had the insurance, I filed the claim, they paid the claim, they cancelled the policy, they started a new policy on my new drone and within a few months, they cancelled the new policy stating the one past claim, they gave me my money back. You can call it denying or dropping or failure to renew or cancelling...whatever name you want to give it but I haven't needed St Farm drone insurance (thanks to DJI Care Refresh) for many years until now so I plan to try again (hopefully this year) and let's see if they allow it.

I meant I've never heard of AKKO dropping people after a claim

I certainly have heard of State Farm dropping people after a full payout claim and not reinsuring new drones.

 

[mavic3usa]

I meant I've never heard of AKKO dropping people after a claim

I certainly have heard of State Farm dropping people after a full payout claim and not reinsuring new drones.

Yep, sorry I missed that. So about AKKO, what gives, did they change their policy recently?

 

[PyroProdigy]

Yep, sorry I missed that. So about AKKO, what gives, did they change their policy recently?

View attachment 184147

Oh wow. Yeah they must have because they used to insure them. As little as 2 years ago is when I had them for other stuff and I remember drones were covered. I'm sure there's other companies like them if you hunt around .
But maybe they just have a specific drone policy? Messaging a company rep may provide more information.

This article is from 2022 but is still up on their site so

Drone Insurance: What You Need to Know - Blogs | AKKO

Drone insurance is an important part of buying and flying a drone, but not many people know the details about what’s covered. Drones are becoming more and more mainstream, and as the number of drones in our skies increases, so does the likelihood that accidents will happen. But don’t worry...

blog.getakko.com

 

[Paulark]

Let me know how you make out.. They won't insured me 5 years later.. One $1100 claim for in over 10 years. I pulled all my Policy's from them over this,.

That's crazy. I have an auto liability policy and a couple personal articles policies for different items. I had my MacBook Pro M1 Pro insured with them and got it wet. Filed a claim, got a check, added a little to it, and went and bought an M3 Max. Called them the next day, then they transferred that policy to the new computer and tried to talk me into insuring more of my stuff. When I got my Mavic 4, before I took my first flight, the first thing I did was go to my State Farm office and take out a policy on it.