September 15, 2017
Purchasing a UAV insurance policy in Maryland is a smart move. This is especially true if you are using a drone for business. Not only will this help you protect your investment and your business in the event of an accident; it can also help you close more deals than your competitors. So what type of UAV insurance should you get? Here’s a quick guide to help you choose.
Do I Need UAV Insurance?
In the United States, UAV insurance is not mandated. That said, there are a few instances where you will need to have a minimum level of coverage in order to take on a project. For example, working with a local city or municipality—they may require insurance as part of their contracts with any business. So, at the end of the day most all serious UAV pilots in Maryland have a Maryland UAV insurance policy.
What Type of UAV Insurance Should I Get?
So back to the question at hand: what type of insurance should you get? This answer really depends on your needs and your equipment. For starters, you most likely want, at the bare-minimum, a Maryland UAV liability insurance policy. This will cover any damage caused during the piloting of your UAV. For example, if you accidentally crash and hit a parked car; you don’t want to have to pay that entire bill on your own.
Beyond a basic UAV liability policy, there are other examples of UAV insurance you should consider:
- Maryland UAV Hull Insurance: These types of UAV insurance policies will protect your investment in your UAV itself. Now, this type of insurance isn’t necessary for all UAV pilots: you may determine your hull’s value isn’t worth the monthly cost of insurance. If your business has multiple UAVs, a large client-load, or expensive equipment then it’s best to pay for Maryland UAV hull insurance in order to keep your equipment running at peak performance and protect your investment.
- Maryland UAV Payload Insurance: A payload insurance will insure your package if you are carrying a payload. These types of insurances are a good idea for UAV pilots who transport items with their UAV. A good example would be a camera or weather sensor which is carried by the drone itself, but sometimes not insured as part of the UAV.
- Maryland Ground Equipment Insurance: It’s important to also consider your ground equipment when getting insured. Ask your Maryland drone insurance company if their policies also cover your UAV ground equipment. If they do not, this will be something else you should consider finding coverage for.
Contact a Local Maryland UAV Insurance Provider
At the end of the day, you will want to partner with an experienced Maryland UAV insurance provider to determine what insurance is best for you. For the same reason clients seek out a trained UAV pilot for their expertise, you should seek out a trained insurance professional to help you navigate the UAV insurance policies available.
American Heritage Insurance Agency, Inc. is a local Maryland UAV insurance agency with the industry experience to help you obtain the ideal UAV insurance policy for your needs. For more information, give American Heritage a call today at 410-552-1200 or fill out the form on our website for a free quote.
