VincentSal
lvl.1
Flight distance : 1373146 ft
United States
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I have read the thread of purchasing insurance for drones.
I currently have a Renters Insurance Policy through Progressive, reading through the documents; below was what I found.
Let me know what you guys think. I do have a few more endorsments than thoose listed below. Premium is $262 w/$500 deductible.
Personal Property Coverage:
Coverage C
Personal Possessions (Coverage C) covers damage, destruction or theft of your personal property. Personal property includes items like clothing, appliances and furniture. There are special limits for certain items including (but not limited to) money, jewelry and silverware. If you have items valued above these special limits, such as an engagement ring, consider additional coverage specifically for these items. Drones are personal property.Replacement Cost on Personal PropertyWhen you purchase this endorsement, you can replace stolen or destroyed personal property with items of like kind and quality without deduction for depreciation.That sounds good to me.
Personal Liability:Coverage EPersonal liability or (Coverage E) pays for loss settlement and legal fees in the event that an insured party causes bodily injury and/or property damage to others. For example, if you accidentally bump into and injure someone at a grocery store he or she might sue you for their pain and suffering, medical expenses and other damages. Your Personal Liability coverage would cover the loss settlement amount and legal fees, up to your coverage limit, if the loss is determined to be covered under the terms and conditions of your policy.If I crash into someone's window and they catch me, this should cover the damages.
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