6. How Much Does Drone Insurance Cost?Ĭanadian drone insurance costs as low as $132.00 per year, for $100,000 of liability coverage. You can add additional individuals, like a co-pilot, client, or repair shop. Many policies also cover a single operator. Privacy coverage is an important factor to consider. Other riders can be added, like flying indoors, worldwide coverage, higher personal injury limits, etc. The price of your drone (even a really good one) is a rounding error on a personal injury lawsuit. Obviously, the most important insurance to have on your drone in Canada is liability insurance. Liability: Get coverage for bodily injury and property damage.Often this will cover flyaway, theft, and disappearance. ![]() Gear: Just like collision coverage on your car, you can insure your drone against damage and loss.There are two things you can insure with a drone policy in Canada. This means that if your drone is stolen from your home or lost in a house fire, it probably isn’t covered by your homeowner’s insurance. Which, by definition, also includes drones. In fact, home insurance often excludes aircraft as a category. According to Christina Polano, partner with Thomas Gold Pettingill, aircraft is specifically excluded in the wording of most home insurance policies. Does My Home Insurance Cover Drone Liability? My broker had to look for another company that would write coverage for drones.ĭon’t assume your commercial policy will cover commercial drone use. And our policy is specific to media companies – and they exclude drones.īecause most businesses have no need for this type of coverage, drones are often specifically excluded in commercial insurance. When I checked with our commercial insurance provider, they advised that drones are listed as an exclusion. Are Drones Covered in Commercial Insurance Policies? It is probably a good idea to insure a flying vehicle with rotating blades traveling at 50 km/h.įor me, just the peace of mind is worth it. We insure our homes, our cars, and our health. According to Canadian Underwriter, there are four criteria that need to be proved under the charge of breach of privacy. And in Canada’s first drone case, Dentons explain some of the liability risks involved in flying drones. In Ontario, there is a cap of $20,000 for awards on the tort of intrusion upon seclusion. And while they differ in mechanics, drones also carry the potential to cause personal injury and thus attract a personal injury lawsuit. While it isn’t required by law, protecting yourself from lawsuits is always a good idea.Ī personal injury lawsuit can easily reach $100,000 or more. According to one Canadian law firm, the average settlement for an auto accident in Canada is $120,000. So this insurance requirement must be a relic of previous, now defunct, legislation. But the Canadian drone laws were overhauled in June 2019. This one (published February 8, 2018) on Canadian Underwriter states this requirement. Is there a $100,000 insurance requirement? Some sources state a Transport Canada requirement of $100,000 insurance coverage for drones weighing over 250 grams. Canada’s drone laws don’t require any insurance. ![]() Some insurance providers claim that it is required by Transport Canada, which is untrue. Note that most standard home insurance policies do not cover the use of drones. We recommend buying public liability insurance for your drone. Here is their position, in a screenshot from June 2021: No, drone insurance isn’t required by Transport Canada. Does Transport Canada Require Drone Insurance? And the 6 best providers of drone liability insurance in Canada. Later, I’ll share the specifics of my insurance policy. In this section, I’ll answer many common drone insurance questions. And if so, what specific coverages are needed? CAIG (Canadian Aircraft Insurance Group)Ĭhoosing the Best Drone Liability Insurance in CanadaĪs with any form of insurance, there are many details and factors to consider when determining if you need it.
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