You Can Now Buy Drone Insurance From AIG

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Nervous pilot? You might be able to command your UAV with a little more peace of mind now that AIG is willing to sell you drone insurance.


The insurance company has launched a series of policies that will cover you for all kind of accidents. Perhaps most importantly, it’ll provide third party liability in case you crash your drone into someone or something else. But it’ll also cover physical damage to the aircraft itself, including cameras and other hardware that you’re having it carry, and there aren’t any exclusions if something goes wrong with the on-board electronics.

The costs depend on what kind of cover you’re going for: it’s going to be more expensive to cover your custom-made drone carrying a RED camera than it is you DJI Phantom with a GoPro lashed to its undercarriage. Either way, it’s unlikely most people will choose to cover themselves for the drone they use in the backyard, but for anything more serious it might be a tempting option. Flying a drone, after all, isn’t always easy.

[Business Insider via Engadget]

Image: Shutterstock



In the US, you’ve always been able to join the AMA (Academy of Model Aeronautics) and your annual membership fee is also your principal for pilot insurance on your flight activities.

The upsides to the AMA plan is that it’s joining a hobby organization that is widely recognized at many hobby flying clubs around the USA, and can fly in their community fly days. Many clubs require AMA coverage just to allow you to fly at their field. The AMA is also putting those dues to good use, lobbying the FAA for more fair rules and exceptions that pertain to our hobby, and they’re a board member of the advisory group that is deciding all the latest FAA rules. More members means more political clout where it counts.

The downsides to the AMA plan is that to claim against that insurance you have to fly by their rules, which are grounded in being sensible and responsible pilot. Honestly, they’re trying hard to grow with the new avalanche of easy-access RTF devices out there, and they’re more stringent than many hobbyists will accept in terms of flight restrictions. But hey, you might learn something about safety.