Under the Drone Rules, 2021, third-party insurance is generally mandatory for drones operated in India, except for exempt categories such as nano drones and certain drones used for research and development. The requirement is not limited only to commercial drone operations. However, if you own multiple drones, it is natural to wonder whether a single policy will suffice. The answer depends on the insurer and the type of drone insurance policy you choose.
Understanding How Drone Insurance Works
Drone insurance coverage works by protecting you from different risks, depending on the type of protection included in your policy. Here’s what that usually involves:
- Third-Party Liability: Covers legal costs and damages if your drone accidentally injures someone or damages their property.
- Hull Cover: Pays for the repair or replacement of the drone itself if it is damaged in an accident or stolen.
- Payload Cover: Covers accidental damage to attached equipment like cameras or sensors while in use.
- Equipment Cover: Protects spare parts, engines, and related accessories while they are in storage, on the ground, or being transported.
- Personal Accident Cover for the Operator: Pays out if the person flying the drone is injured or dies while operating it, including compensation for permanent disability.
- Accidental Medical Expenses Cover: Reimburses hospital and treatment costs if the operator is hurt during a flight-related accident.
Note: This is an indicative list. Please read the policy wording for the complete list of inclusions/exclusions.
Do You Need Separate Insurance for Every Drone?
Not necessarily. Many insurers offer fleet policies that allow multiple drones to be covered under a single insurance policy. However, each drone is typically listed separately with its own insured value, serial number and coverage details.
Although all drones may appear under one policy document, claims are generally assessed separately for each insured drone. Depending on the insurer, each drone may also have its own deductible or excess, where applicable.
How to Decide the Right Approach
Before choosing a policy, consider the following factors:
- Consider the Value of Your Equipment: If your drone or attached equipment is expensive, having suitable protection can help reduce the financial impact of repairs or replacement.
- Check If Your Drones Have Different Risks: Multiple drones may not all need the same level of protection. A drone used for agricultural spraying may require broader coverage compared to a micro drone used for mapping or inspection.
- Review the Policy Details Carefully: Look at what is included, what is excluded, and whether the coverage matches your actual usage before making a decision.
Conclusion
More drones usually means more to think about when it comes to protection. Each one flies differently, holds a different value and carries its own set of risks, so your coverage needs to work the same way. Whether you choose individual policies or a fleet policy, ensure every drone that requires insurance under the applicable regulations is adequately covered. Once you understand how drone insurance in India is structured, flying becomes a lot less stressful and a lot more enjoyable.
FAQs
1. Do I need separate insurance if I only fly recreationally, not commercially?
Recreational flying does not fall under the mandatory requirement, but many pilots still opt for coverage since accidents can happen regardless of intent. Coverage remains subject to applicable regulations and policy terms.
2. What happens if I fly commercially without the required insurance?
You could face penalties under the Drone Rules 2021, since third-party liability cover is a legal requirement for commercial drone use in India.
3. Do I need to register my drone before getting insurance?
Yes, most insurers require the drone's registration details (where applicable), along with information such as the serial number, drone specifications and operator details before issuing a policy.
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Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the topic featured in the article. It is advised to verify the currency and relevance of the data and information before taking any major steps. Please read the sales brochure/policy wordings carefully for detailed information about on risk factors, terms, conditions and exclusions. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.