Features of New India Assurance Drone Insurance
The product information highlights:
- Coverage for Drone Owners, Operators and Manufacturers: The product is designed for these categories of customers.
- Physical Damage and Theft Protection: Covers physical damage to the aircraft and theft.
- Third-Party Liability: Covers accidental physical injury to third parties and/or damage to their property due to drone operations.
- Wide UAS Applicability: The product is designed for fixed-wing, rotor-wing and hybrid UAS, including remotely controlled and autonomous drones.
- Multiple Add-ons: New India has stated that the product offers more than 15 add-on covers designed around drone-industry requirements.
New India Assurance Drone Insurance: Inclusions
The drone insurance information identifies the following:
- Physical Damage: Cover for physical damage to the drone/UAS.
- Theft: Cover against theft of the drone/UAS.
- Third-Party Liability: Cover for accidental physical injury to third parties and/or damage to their property caused by drone operations.
- Payload and Equipment: The product information identifies coverage for the drone, payload and additional accessories.
- Operator Personal Accident: Personal Accident cover for the operator.
- Specialised Add-ons: Published product information identifies options such as UAS spares, UAS in-transit cover, hacking-related loss or damage, invasion of privacy, cyber liability and war liabilities.
Disclaimer: This is a summary of the published product information. Please refer to the applicable policy wording for complete details.
New India Assurance Drone Insurance: Exclusions
The policy may not provide coverage in certain circumstances, subject to its terms and conditions:
- Wear and Tear or Breakdown: Loss arising from normal wear and tear, gradual deterioration, or mechanical/electrical breakdown may not be covered.
- Improper or Unauthorised Operations: Claims arising when the drone is operated improperly, without required authorisation, or contrary to applicable rules may be excluded.
- Intentional or Unlawful Acts: Loss resulting from deliberate acts, wilful misconduct, or operations that violate applicable laws and regulations may not be covered.
- War and Consequential Losses: Losses arising from war and related risks, as well as indirect financial losses such as loss of income or profit, may be excluded.
Disclaimer: These are general pointers and not a complete list of New India Assurance's drone-specific exclusions. Please refer to the applicable policy wording for exact exclusions.
New India Assurance Drone Insurance: Claim Process
In case of a drone-related loss or accident, the general claim process may involve the following:
- Notify the Insurer: Inform New India Assurance about the incident as soon as possible and provide basic details about the drone, flight, and circumstances of the loss.
- Submit Claim Documents: Provide the required claim documents, which may include aircraft and flight details, accident information, registration/airworthiness documents, and other relevant records.
- Claim Assessment: The insurer may inspect the damaged drone and review the submitted documents, maintenance information, and other records to assess the loss.
- Claim Settlement: After completing the assessment, an admissible claim is processed and settled in accordance with the applicable policy terms, conditions, and coverage.
Note: The exact documents, assessment process, and requirements may vary depending on the nature of the claim.
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The product is designed for drone owners, operators and manufacturers.
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The published information states that it covers physical damage and theft of the drone and third-party liability for accidental physical injury or property damage arising from drone operations.
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The product is designed for fixed-wing, rotor-wing and hybrid UAS, including remotely controlled and autonomous drones.
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Yes. New India has stated that the product provides more than 15 add-on covers designed around drone-industry requirements.
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Yes. The published product information specifically identifies accidental physical injury to third parties and/or damage to their property due to drone operations.
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