Drone insurance company SkyWatch, which provides on-demand insurance to commercial drone pilots and hobbyists alike, has acquired Droneinsurance.com’s assets from REIN. The two platforms have merged to offer seamless coverage and service to drone operators across North America.
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While there’s no law that mandates you to buy insurance if you operate drones in the US, having it is the smart, and right, thing to do. Drone incidents can happen because of multiple reasons – hardware malfunction, pilot error, or even factors beyond your control – and they can carry significant liability risks. So, an insurance policy is definitely a worthwhile investment, but how much should you spend for coverage?
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Verifly, which was one of the first companies to offer on-demand insurance to drone pilots, has announced it will be shutting down on March 24, 2023.
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AirModo, a new drone insurance app that allows operators to instantly purchase either hourly or annual policies depending on their needs, has launched a reward program in collaboration with Unmanned Safety Institute (USI).
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Pilot error, accidental damage, loss of data link, flyaways, accidental loss… These are only some of the reasons why Coverdrone customers made drone insurance claims last year. So now, the company, which provides insurance for both commercial and recreational drones, is sharing insights from its claims data to help operators understand the most common risks associated with drone operations.
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