Friday, December 16, 2016

Holiday heads' up: Drone insurance to-do's

As we head into the Christmas (and Chanukah) gift-giving season, lots of folks have drones high up on their wish lists (SWIDT?). But before you fire up and fly your new gizmo, there are some important insurance-related issues you'll want to consider.

As we blogged at this time last year:

Almost no one is thinking about insurance coverage when they’re opening the box,” says Jeff Antonelli, a Chicago attorney who specializes in federal regulations for unmanned aerial systems."

But that was then, and this is now, and there's been some progress. Our Guru of all things P&C, Bill M, tips us to this recent article in an insurance trade journal:

"[Here] are insurance coverages and how they are likely to apply. Keep in mind all claims are handled on a case-by-case basis, and there may be more exclusions and conditions that apply as drone technology evolves."
These include homeowners and renter's policies, auto and even commercial plans, too.

Have fun, but speak with your agent about how to protect your financial well-being if things take a dive.
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