Drone Insurance

COVERAGE SUMMARY

This plan offers comprehensive protection for your Drone/UAV, covering accidental damage, theft, and third-party legal liabilities as detailed below:

DETAILED SECTION-WISE COVER

Section 1 – Accidental Damage to Drone/UAV

• Covers repair or replacement of the Drone/UAV or its spares accidentally damaged during the policy period.
• Deductible: 5% of the Sum Insured per claim.
• Total Loss: 50% of Invoice Value reimbursable.
• Liability Cap: Insurer’s liability shall not exceed the Sum Insured or Invoice Value, whichever is lower.
• Proof Required: Photographs, maintenance logs, and repair estimate.

Section 2 – Theft

• Applicable for total loss of Drone/UAV due to theft
• Documents Required: FIR, Final Untraceable Report, Invoice Copy.
• Payout: 50% of Invoice Value post verification.
• Liability Cap: Insurer’s liability shall not exceed the Sum Insured or Invoice Value, whichever is lower.
• Salvage Ownership: Transfers to the insurer upon claim settlement.

Section 3 – Legal Liability to Third Parties (Provides indemnity for) :

• Bodily injury or death of third parties
• Damage to third-party property
• Legal defence costs approved by the insurer

Liability Cap: Maximum Up to ₹1,00,000 (Rupees One Lakhs) aggregate per policy period.

DEFINITIONS OF THEFT (For Clarity)

“Theft” under this policy shall mean the unlawful taking or removal of the insured Drone/UAV without the owner’s consent, with the intention to permanently deprive the owner of possession. The following must be established:

1. Unlawful Taking: Unauthorized act of removal or taking away.
2. Lack of Consent: The owner has not granted permission for such removal.
3. Intent: Clear intent to permanently deprive ownership.
4. Ownership: Property belongs to another person.

DEDUCTIBLE STRUCTURE

Duration of Plan Chart -

GENERAL EXCLUSIONS

1. Loss due to war, invasion, rebellion, or terrorism.
2. Flight beyond DGCA-approved zones (e.g., night flying, BVLOS operations).
3. Nuclear or radioactive contamination.
4. Seizure or confiscation by governmental authorities.
5. Gradual wear & tear, mechanical/electrical breakdown.
6. Operation by untrained or unauthorized personnel.
7. Negligent handling, poor maintenance, or improper storage.
8. Cyberattacks, GPS jamming, or unexplained disappearance.

GENERAL CONDITIONS

1. The Insured must take reasonable steps to safeguard the Drone/UAV.
2. Any loss must be reported to the insurer within 15 days of occurrence.
3. Complete claim documentation to be submitted within 90 days.
4. No repair or dismantling permitted without prior insurer approval.
5. Salvage becomes insurer property upon total loss settlement.
6. Policy may be cancelled with 30 days’ written notice by either party.
7. Premium must be received by WIAS before policy commencement for validity.

CUSTOMER RESPONSIBILITIES

1. Operate Drone/UAV strictly under DGCA guidelines.
2. Maintain flight and maintenance logs.
3. Store Drone securely when not in use.
4. Report theft immediately and submit FIR copy.