The first thing to discuss about drone insurance is if you actually need it or not. For the time being, the FAA does not require anyone to obtain drone insurance. If you plan to use your drone merely for leisure photo and video, there isn’t really a reason to get drone insurance. However, if you plan to use your drone commercially, it is highly recommended by most that you get insured before you begin flying.
Drone insurance can help you get clients. Often times, they will ask if you have drone insurance during the hiring process. Even if they don’t ask, it makes you look more professional and it assures you that if something happens to your business’s main asset, you haven’t lost all that money.
For those who plan to fly their drone for leisure, many homeowners insurance policies now cover drones. That is if you are flying at home. You should contact your insurance agent to find out what your policy covers.
There are many technicalities to drone insurance. Some companies insure drones in addition to their other policies, some insure only drones, and others will only insure your drone if you are flying commercially.
Again, drone insurance is not mandatory in the US, but some companies will only hire drone pilots who have a certain amount of insurance. Commercial drone pilots should get insured.