![]() Hourly coverages average at around $25 per hour, making a monthly plan more attractive for pilots operating for over 4 hours a month. Users can purchase monthly $2M Liability coverage through SkyWatch for $108 per month and maintain coverage for the entire 30 days. The monthly rate for these operations averages between $100 and up to $250, depending on the exact limit specified by the client or production company. High Liability Drone Insurance ($2M - $5M)ĭrone pilots working in the TV & film industry, as well as other high-profile jobs, are typically requested by contract to obtain drone coverage for $2M and up. If your business operates throughout the year, you may opt for an annual plan which starts at $750, and includes discount opportunities for pilots without a claim history, as well as lower Hull rates for pilots looking to insure their drone for physical damage on top of the Liability coverage. SkyWatch.AI $1M Liability policies start at $62 for the entire month and can be purchased by the hour for an average of $14, depending on the flight zone. The most common limit used for these operations is $1M per occurrence, which can cost around $80 per month. Real estate photography, event photography and surveying jobs at empty sites are prime examples of operations that require a standard Liability plan. Users may also select an annual plan for $500, and remain covered for Liability all-year round. On-demand coverage can be purchased for as little as $6 by the hour, depending on the exact flight location. Recreational policies can be purchased for less than $50 a month, or even lower if purchased by the hour.Ī monthly SkyWatch policy with $0.5M coverage is priced at $42 per month and will keep you covered 24/7 across the nation. Just got a new drone and looking to test it out at a nearby park? You are likely looking at a lower coverage limit in that case. So, how much should you be ready to spend to get your drone coverage set up? The answer often depends on what you need your insurance for. These channels share a common ground when it comes time to insure your drone, as well as anyone, or anything, around it. ![]() ![]() As our drone technology becomes more sophisticated with each passing year, its usage can be seen in a broader range of channels. Based on the number of potential accidents that can happen with drones, it is recommended you take out drone insurance to protect your investment with insurance that covers damage to the drone itself and yourself with liability insurance.ĭrone insurance ensures that if your drone is lost, damaged or causes loss, damage or injury to others, you will be covered to a certain extent, depending on the policy.Whether you are a real estate photographer, a big-budget blockbuster cinematographer, or a casual drone hobbyist, it is highly probable that at some point in your life you’ll be needing to purchase drone insurance. ![]() This can be supported by a finding that almost 10% of drones in South Africa are destroyed on their first flight – and most crashes are due to simple pilot error.ĭrones can cost anything from R1 000 to more than R100 000, meaning that, should a drone go missing on a flight, the owner can expect to suffer a substantial financial loss. Almost all those drones are flown by amateurs as there are just 663 Remote Piloted Aircraft Systems in the country, according to the 2018 State of the Drone Report. It is estimated that there are between 40,000 and 50,000 drones in South Africa. TODAY’S FARMERS HAVE TO KNOW MORE THAN JUST FARMING.Ĭlaims Blog Tools Get a quote Find a broker Risk & Calculators Information Contact Santam Drive in centres.Combined building and home contents insurance. ![]()
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