Every once in a while, I read something that takes me by surprise and causes me to have an “Aha!” moment! Such was the case in a recent Insurance Journal article I thought you’d find entertaining and may give you an “Aha!” of your own.
Since the FAA announced regulations for drones in early 2015, the predictions of how unmanned aerial vehicles (UAV) will be used has exploded. Sales for drones have also exploded as have the number of registered drone operators. As with any new technology, insurance companies began responding to how to cover them, how to exclude coverage for them, and what policies are required to get it right. Let’s take a look at what’s evolving with commercial drone insurance.
What do the Dallas Cowboys, New England Patriots, and New York Giants all have in common? Aside from being NFL teams and Super Bowl winners, they each have used a drone to film football practices, causing them to either be contacted or investigated by the FAA for violating federal airspace rules. The Washington Nationals received a similar “commendation” from the FAA after using a drone to take publicity photos during Spring Training.
Drone, or unmanned aerial vehicles (UAV) have made a huge splash in the news over the last year. Amazon has discussed using them for local delivery, one landed on the White House lawn, as well as, their war time use in the Middle East. The commercial uses for drones are seem almost endless as people imagine how they can be utilized. Hollywood has won approval to use them for filming movies, farmers believe they can be used to check on crops, as well as administer fertilizer and insecticides more efficiently and utility companies want to use them to check power lines. Insurance companies are planning to use drones in disaster response situations.
Subscribe to my newsletter by filling the form below.
A confirmation email will be sent to your mailbox: please read the instructions to complete the subscription.
