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Do You Need Insurance for Your Drone?

Thinking of buying a drone? Check your insurance coverage. Homeowners’ insurance policies or renters’ insurance policies should cover most damages from drones, depending on if negligence was involved and whose property was damaged...
November 22, 2016

Thinking of buying a drone? Check your insurance coverage.

Homeowners’ insurance policies or renters’ insurance policies should cover most damages from drones, depending on if negligence was involved and whose property was damaged. The Insurance Information Institute (I.I.I.) says that only about 40 percent of renters in the United States have renters insurance. And while drones are considered personal property, if they are damaged, it might not be worth filing a claim, since average deductibles are about $500.

III spokesperson Loretta Worters, however, warns that homeowners insurance does not cover injuries to your own family or pets, though damage to personal property caused by your own drone would fall under the basic coverage for your structure. Injuries to family or pets would be covered by a medical insurance policy, though harm to someone outside the home or to someone else's property falls under the liability portion of a homeowner’s insurance policy.

The NAIC has a consumer alert on drone insurance.

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