The International Drone Racing Association (IDRA) has condensed its liability insurance for drone pilots into a single policy that has no drone limit, no deductibles, and offers worldwide coverage for IDRA members. Drone pilots can now purchase the $1 million policy for $265 and will receive their certificate of insurance within 24 hours.
The policy is valid for one year, covering all potential liabilities from recreational flying, racing, and training, if the drone pilot adheres to IDRA’s Safety Manual and complies with the legal regulations in the area the pilot is operating.
IDRA launched its first primary liability insurance policy with worldwide coverage for drone pilots and recreational hobbyists one year ago to IDRA members, whom predominately reside and operate internationally. According to IDRA, its members experienced zero claims throughout the year of 2017.
Bonnie Haggerty, CFO of IDRA, said the association negotiated with several underwriters and its partner, Avion Insurance, to simplify the liability policy for drone pilots around the world.
UAS/Drone racing is a worldwide sport that utilizes Unmanned Aircraft Systems (UAS) and Virtual Reality (VR) technology.
The International Drone Racing Association (IDRA) is a for-profit association focused on the new industry of drone racing, including organizing historic drone racing competitions. In 2018, IDRA will feature several marquee races at partnered events and venues like South Point Hotel & Casino in Las Vegas, Dutch Comic Con in Utrecht, University of Phoenix Stadium in Glendale, AUVSI Xponential in Denver, Munhak Baseball Stadium in Incheon, and Dover International Speedway in Dover.