All systems go, ready for takeoff!
Just a few years ago, not many would have known how much “toys” in the sky would have changed our lives. UAV (unmanned aircraft vehicle) or Drones, now form the backbone of a vast amount of business models. Developing new drone technology has sprung into a billion-dollar industry that spans the globe.
Drones are used for all kinds of things, delivering beer at a festival and saving lives during search and rescue missions. For better or worse drones make parts of life easier, and some more complicated. The farming and wildlife industry has taken up drones as a key mechanism of land surveying and animal tracking. We also use drones to service suspended power cables, and as an extra layer of security surveillance.
While the uptake of drones has been strong, with it comes an additional risk as more and more people include drones in their lifestyles.
Benefits of insuring your drone with Transatlantic
We are the number one insurer for South Africans with unique asset protection requirements.
Why insure a drone?
There are roughly 45 000 drones in the country, most owned by amateurs or hobbyists. The chance of your drone being destroyed on its first flight is close to 10%. Entry into the drone market starts as low as R1 500 for a basic model and can reach prices of up to R110 000. Losing a drone can become an expensive hit to your budget. Our analysis suggests drone owners should consider protecting their new investment by insuring for any damage or liabilities that can occur during flight.
Covering your drone will ensure that if it gets damaged or lost, causes any loss or damages, or injuries – then you will be covered. This is subject to the extent of loss/damage and the type of cover.
What we offer
- Personal or private use insurance: When your drone is only used for private and personal leisure and no commercial gain or interest is involved.
- Commercial done insurance: Cover for licensed owners that are registered. We provide special cover that includes commercial use.
Top 10 reasons why drones don’t stay in the sky
Pilot error accounts for two-thirds of accidents.
- Flying indoors without stable GPS.
- Skipping the preflight checks (especially battery)
- Loose batteries or propellers
- Safety measures not activated correctly
- Assigning the return coordinates to a moving object
- Not completing satalite uplink before flight
- Batteries – again, not checking how much juice is in the tank
- Not using object avoidance sensors (flying TopGun style)
- Mechanical/manufacturing failure of electronics, batteries or body part
- Wrong controller – flying your drone with the wrong remote
At TransAtlantic, we offer a range of insurance options for your drone.
For a quote, click Here.