Insuring your drone: basics
20 February 2018
It’s a bird, it’s a plane, it’s - a drone!
Over the last few years, drones have taken off in popularity becoming one of the most sought after tech toys on the market. With the high price tag that comes with this hobby, it’s certainly something we think is worth protecting. So, we’ve put together some tips and advice on the best ways to protect your drone, under your contents insurance, which can help save you money and time.
Why do I need cover for my drone?
Insurance is designed to give you peace of mind should something unforeseen happen. It’s relatively well known that accidents can and do happen when operating a drone, even with the most skilled drone operators. Without insurance, you may need to pay for repairs or replacement out of your own pocket, because no matter how careful you are, you can’t control the outcome of an accident, theft or fire.
Is my drone covered under my contents policy?
If you’re an AA Insurance customer your drone is covered under your contents policy for the amount you originally paid for it (excluding accessories) up to a maximum of $1000. It pays to check the details of your cover with your insurer, to make sure you are adequately insured.
It also pays to consider any exclusions that apply. For example, AA Insurance doesn’t cover you for legal liability in an incident caused by your operation or ownership of a drone. So, if you accidentally fly your drone into someone’s kitchen window and damage their property, you won’t be covered for the damages. Also, if you’re a professional that uses a drone for business purposes, then it’s worth noting that it won’t be covered under your AA Insurance contents insurance policy.
How can I save on my insurance?
There are several ways you can reduce your premiums without skimping on cover, such as increasing your excess, excluding benefits you don’t need, or making sure you’re receiving all the discounts you’re entitled to. Some insurers offer a discount if you have more than one policy with them (like our multi-policy discount). Having your policies with the one insurer also means that at claim time, you will only need to deal with one insurer and pay only one excess if it’s for the one event.
Our top tips for keeping safe when operating your drone
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