State regulators issue advisory on drone insurance
Maine regulators advised drone operators that in addition to registering their drone with the Federal Aviation Administration, they would be wise to carry insurance even though it's not required.
The Maine Department of Professional and Financial Regulation said even recreational drone operators must comply with federal regulations by registering with the FAA. This allows authorities to trace a drone back to its owner. In the case of an accident, the operator may be liable, which is why the department says it's advisable for consumers to consider insurance coverage for the potential new risks their drones pose and not assume their risk is covered by their existing policies.
Drones can be registered online for a fee.
Drone insurance may come with homeowner’s or renter’s insurance, but the department urges operators to check with their agent.
The FAA estimates that by 2020 there will be 30,000 small unmanned drones used for business purposes. This does not include ones used by hobbyists.
With some drones weighing up to 55 pounds, a fall from the sky can cause significant damage to property or bystanders.
For questions about homeowners’, renters’ or other property and liability insurance, call the Maine Bureau of Insurance Property and Casualty division at 800-300-5000 or at 207-624-8475 or email insurance.pfr@maine.gov.
Editor's note: This article has been revised to clarify that the Maine Department of Professional and Financial Regulation is encouraging drone operators to be insured even though there is no requirement to do so.
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