Features of Tata AIG Drone Insurance
The key features of drone insurance include:
- RPAS Hull Cover: Provides protection against accidental loss, damage or disappearance of the insured RPAS.
- Repair or Replacement: The policy can provide for repair or replacement depending on the nature of the loss.
- Emergency Expenses: Reasonable emergency expenses following damage or forced landing are covered up to 10% of the Sum Insured, subject to the policy terms.
- Third-Party Liability: Covers compensatory damages for accidental bodily injury and accidental property damage caused by the RPAS.
- Legal Costs: Legal costs and expenses may be covered within the applicable Limit of Indemnity when incurred with the insurer's written consent.
Tata AIG Drone Insurance: Inclusions
The policy provides:
- Accidental Loss or Damage: Cover for accidental physical loss or damage to the RPAS.
- Disappearance: Disappearance of the entire RPAS is treated as a Total Loss under the policy definition.
- Emergency Expenses: Reasonable expenses required for the immediate safety of the RPAS following damage or forced landing, subject to the stated sub-limit.
- Third-Party Liability: Compensatory damages for accidental bodily injury or property damage caused by the RPAS or an object falling from it.
- Legal Defence Costs: Legal costs and expenses incurred with Tata AIG's written consent in defending covered third-party claims.
Disclaimer: Coverage is subject to the applicable Sum Insured, deductibles, policy terms, conditions and exclusions.
Tata AIG Drone Insurance: Exclusions
Key exclusions include:
- Wear and tear, deterioration, breakdown, defect or failure, subject to the policy's stated exceptions.
- Damage to the RPAS when the manufacturer's maximum permissible weight is exceeded with a payload attached.
- Loss or damage to the attached payload under the relevant RPAS damage section.
- Loss of revenue or profit.
- Loss or liability arising from night flying, recreational flying or BVLOS operations.
- Loss or liability arising when the RPAS is operated by a person below 18 years or when the RPAS is not NPNT compliant.
Disclaimer: Please refer to the policy wording for the complete list of exclusions.
Tata AIG RPAS Insurance: Claim Process
In case of a claim:
- Notify Tata AIG in writing as soon as practicable after becoming aware of circumstances that may give rise to a claim, and in any case within 30 days of obtaining knowledge of the circumstance.
- Forward relevant letters, claims, writs, summons and other legal processes to the insurer on receipt.
- Cooperate fully with Tata AIG and provide the assistance, documents and access to premises requested.
- Tata AIG may take over the defence or settlement of a claim at its discretion.
- Where the insurer takes over the claim, it states that a claim will ordinarily be settled or rejected within 30 days of receiving the last necessary document; where investigation is required, the stated timeline is up to 45 days.
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It covers accidental loss, damage or disappearance of the insured RPAS and provides third-party liability cover for accidental bodily injury and property damage caused by the RPAS.
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Yes. The policy provides legal liability cover for compensatory damages arising from accidental bodily injury and accidental damage to property caused by the RPAS or an object falling from it.
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Yes. Tata AIG defines disappearance as an RPAS missing in flight and remaining unreported to the insured for 60 days; disappearance of the entire RPAS is treated as a Total Loss.
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The standard policy excludes night flying and BVLOS operations. The wording therefore does not provide standard cover for these operations unless applicable coverage is specifically arranged under the policy terms.
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The insured must give written notice as soon as practicable and, in any case, within 30 days of becoming aware of circumstances that may give rise to a claim.
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