Create an account to use AI

Create a free account to unlock all features:

Ask questions about videos with AI
Use smart search (AI)
Save your favorite videos
Bookmark your favorite categories
Organize your favorite subcategories
Access your personalized favorites page
Access your conversation history
Personalize your homepage with your favorites

Already have an account? Log in

What Do I Need to Know About Getting Insurance for My Drone and Drone Business?

Name: What Do I Need to Know About Getting Insurance for My Drone and Drone Business?
Uploaded: 2017-09-29T15:30:00+00:00
Duration: 28 min 10 s

Drone U

🔥Get Your Biggest and Most Common Drone Certificate Questions Answered by claiming our FREE Part 107 Guide NOW! - https://bit.ly/3iv3CbG

Download and listen to the audio version of this podcast episode here: .

Get your drone and business related questions answered: http://askdroneu.com/.

Please do us a huge favor, "Like" this video and "Subscribe" to our channel.

YouTube URL for this video -https://youtu.be/4YUtZuB5_KY .

Listen to the podcast on the DroneU website - https://www.thedroneu.com/adu-0662-know-drone-insurance/

Subscribe to the podcast on iTunes, and leave us a 5-star review while you're there: https://itunes.apple.com/us/podcast/ask-drone-u/id967352832.

Join the #1 drone training platform and community for only $47 per month. Part 107 test prep, courses, videos, webinars, expert advice, business training, and so much more. Total, unlimited access to everything for one low monthly investment, plus you can cancel at any time. Check it out: https://www.thedroneu.com/get-started-here/.

Site - http://thedroneu.com/

Facebook - https://www.facebook.com/droneu

Instagram - https://instagram.com/thedroneu/

Twitter - https://twitter.com/thedroneu

YouTube - https://www.youtube.com/c/droneu

Get your copy of "Livin’ the Drone Life" - http://amzn.to/2nalUDH

Get your copy of our Part 107 Study Guide - http://amzn.to/2omQatT

Timestamps:

0:45 - Today's questions is about drone insurance

1:42 - Paul introduces Joe Ernster from the Bullock insurance agency to the listeners

2:28 - Joe shares how the insurance industry for unmanned aircrafts has simply exploded in recent years

3:28 - Understanding the importance of getting liability insurance

3:52 - What is a cost effective way of getting your backup drone insured?

4:24 - What is whole insurance? What does it normally cost?

5:01 - Would providing drone services to low risk segments such as agriculture result in reduction of insurance premium?

5:20 - Is it important to find a good aviation insurance broker?

5:34 - Does extensive flying experience results in reduction of insurance premium?

6:53 - What is the industry standard as far as insurance policy coverage is concerned?

8:26 - Would a standard UAV policy cover loss due to theft?

9:52 - Learn how you can get in touch with Joe to get your drone insurance

11:45 - Joe shares details about the various insurance options that you can avail

13:03 - Is it possible to get an entire fleet of drones insured?

14:17 - What would be the cost for insuring an entire drone fleet and a single drone?

15:42 - Joe shares some of the challenges with getting insured with Verifly

18:20 - Can you get drone insurance from a traditional insurance provider like Statefarm?

20:46 - Joe shares some of the latest changes that are shaping the drone insurance industry

21:05 - Should you negotiate your drone insurance premium?

23:56 - When is the right time to file a claim?

24:44 - How long is the claim process?

25:23 - Does Joe provide business insurance also?

-~-~~-~~~-~~-~-

Please watch: "How FAA's NPRM for Remote ID for Drones Will Hurt Hobby Pilots or RC Pilots with Jon McBride"

https://www.youtube.com/watch?v=-Lx6M0r3vQM

-~-~~-~~~-~~-~-

Get Your Biggest and Most Common Drone Certificate Questions Answered by Downloading this FREE Part 107 PDF - https://thedroneu.clickfunnels.com/get-your-free