Basic Knowledge of Drone Insurance

drone insurance

Recent trends have shown the popularity of Unmanned Aerial Vehicles (UAVs), known as drones. This technical device has allowed companies to use their advantages for different purposes, such as photography, business, and even agriculture. It is high technology that not many people know about it. However, those who have applied this high technology device in their business should start being aware of getting their droned insured. 

Getting drone insurance is essential for future reference since all-expense would be saved in case of an accident. Besides, it would help your clients to rest assured when knowing their investment is insured. You can be at ease that you are covered in case of further setbacks or reductions, as UAV technology has not yet reached perfection. However, not all drones should be insured, especially when usage is limited to hobbies or home functions.

In the United States, there is no insurance requirement for recreational purposes. However, Canada applies the $100,000 coverage liability of using it even near home. Taking insurance helps promote your business to be professional and reputable, like German agricultural business with its Agrar Drohnen Versicherung. With more benefits to come, it is crucial to understand everything about drone insurance.

agricultural drone

Drone Insurance Basic Knowledge

Drones insurance has the same purpose as other insurance programs, especially car insurance. In this matter, you can pay less when showcasing exceptional skills. More importantly, a good insurance policy is vital when you want to pilot your drone. Being a drone pilot should be well-maintained and guided so that they can reach the reference point more easily. Any training and guidance would help to achieve this goal. There are many areas when the insurance company can assist in getting drone insurance, such as agriculture, real estate, fire and rescue, and many more. Also, the losses covered in using drones commercially include personal injury, third party liability, loss or damage equipment, and more.

Drone Insurance Cost

drone cameraThere are two parts of drone insurance policies: the third-party liability and the hull damage of your drone. However, different companies manage their own insurance policies. Some companies cover hull damage insurance or offer 333 exemption, but others who do not. Therefore, research the insurance company coverages and get more idea of the purchase price before deciding which one you want to register. Also, ensure to prepare the answer several questions the insurance company would ask, especially related to ownership, maintenance log, drone flight hours, flight place, and flight data automatization. These must be satisfactorily addressed when applying for a drone insurance program to get the insurance.

Drone Insurance Registration

Obtaining drone insurance will need a quote. Visit the insurance company’s website, click on the “request a quote” button, and fill out the form to get a quote. Once completed, you will receive a quote. Mostly, the form contains basic information related to you and the drone, such as name, address, drone specific details and cost, and others. With such information, you will receive a cost estimate, which will indicate the insurance price. 

Drone Insurance Loss

There is a possibility of losing your insurance, especially when you do not log the flights properly. It could mean uncertainty as no record of what happened when an accident occurs. Another way to lose the insurance is when not putting the number of your drone serial and identification accurately. Besides, it is vital to have ethical flight and report the changes of any maintenance, so you will not lose your coverage. Therefore, it is always best to check and keep track of everything on each of your drone flights, so there will be evidence to claim the insurance.

Drone Insurance Claim

File a complaint with an equipped knowledge regarding the insurance company’s policies and contracts when an accident occurs. Also, please try not to make statements unless the insurance company has been informed. It is vital because you might need their advice to navigate the claim. Do not leave the device unattended to make a smooth claim for your drone problem.

Guide on How to Fund Your Real Estate Business

coins and paper bill formed like home

As simple as it may seem to the real estate agency and property, those in the field know that it’s not always easy and requires real hard work. Raising the capital and the maintenance to run the business continuously is a huge deal. Luckily, sometimes, your business’s success is not about how much money you start in your pocket, but how much more you will make. Here are the five tips you can ponder to help you finance your business financially and to get ahead of the starting game.

group of people having an agreement

Private Funders

Private lenders are individuals that lend or release the money to a small number of individuals who need it. Fortune Credit explains the different types of loans offered in Singapore and their requirements to help you on getting one. It is an excellent option for real estate agents who are reliable and who are upcoming. However, their interest will be somehow unusual since there will be no thorough procedures required to prove you are eligible and qualified to get a loan. Their requirements are often not to difficult to provide. Private Lenders also are more inclined to accept risky projects.

But take note, before choosing this alternative, you might want to read and fully understand the terms and conditions of the private lender. Most of the time, their interest rates have a pledge as collateral and much higher. Opt for this option if you are sure you’ll be able to repay the loan.

Real Estate Insurance

It is not just a hunch. Real estate insurance is one of the best and reliable option you can secure your investment and properties that you manage. Guide your clients with the most exceptional protection.
Providing the best and reliable insurance policy can make you look forward to the stress-free management of your investment and properties. It is a sure relief in times of financial drought, even if you cannot find enough insurance for what you need.

Microloans coins and paper bills spilling in glass

A microloan is a financing operation for new businesses that supports the entire process of growing their business. This loan could be the option for you, especially if you do not need a considerable amount. Microloans offer a smaller amount than the usual amount provided in the traditional banks. Also, they are not as strict in their qualification requirements and conditions as banks.

Crowdfunding

Setting up crowdfunding on a social media platform is an option too. In that way, those interested in your business can get in touch with you, collaborate, and invest in your proposed project. This concept has been an excellent opportunity for entrepreneurs and property owners. On the other hand, getting your investment might be a little longer, depends on what decision you’ve both agreed. If, for instance, the project fails, investors will shoulder the loss too.

Top businesses you can start online

labtop

When you want to start an online business, you must acquire basic communication and website skills. Starting online business requires less risk than investing in a downtown office. Online business will help you make money online without many overheads, work from anywhere, and reach more potential customers. Most people believe that online business brings more fortunes. Always focus on your strengths so that you can get your online- based business started and build a client roster. Here are some of the top businesses you can run online.

Blogging through affiliate marketing

workingIn this case, you should include links to your products which you are advertising as an affiliate. When somebody buys the product, you are able to get a commission. Have a blog where you can integrate promoting with content to increase your sale. Always have the following blogging tips for people to find your blog. These tips will help you make the blog a profitable venture. They include; posting your content on a regular basis, providing useful content in an engaging way, and becoming genuine.

Think of digital information products

This is one of the quickest and easiest ways of making online money. It is one of the favorite ways that many people can use when making money online. Most popular formats you may use to create information product includes; text which you can do an eBook, a travel guide, and an instruction booklet or an audio which you can do an interview, course, other spoken-word product, and a recorded webinar.

Another way is using a video which you can do an interview, a how-to, and a recorded webinar. It is important to get creative and make any format and type of content. Make the content useful in order to help you earn income. You may put the products up for sale on your website. This will allow the customers to download and buy them any time automatically.

Online drop shipping idea

In this case, if you are a small business owner, you don’t have to handle any delivery to your customer or maintain a bulky inventory of products. Online drop shipping will reduce the hassle of management, for example, sending orders all over the world or country. It will eliminate the risk of having a warehouse full of products you might not sell. This will assist in cutting down financial cost.

newsWhen you open a company that specializes in online drop shipping, you should list the products you are selling on your platforms like eBay, Etsy or Amazon. Then, when the customers order a product, you purchase it from the drop shipper for a lower price. The online drop shipper is a third-party company which sends the product to the client. This will reduce your operating expenses. It will also be able to offer a wide range of products. Always label your products. By doing so, you will be able to face less competition and use your brand.

Online bridal concierge

All over the world, the wedding industry is thriving. Couples during this engagement go through a lot of pressure and stress and are unable to enjoy their wedding. If you have a passion for weddings, this is the right online business you can start. You could deal with all wedding ideas like wedding venues, wedding gowns, and wedding decorations.

These are some of the best online business you should start, but you should consider others like social media consultant, professional freelancer, resume letter writing and web designing.

Some Of The Oddest Things Ever Covered By Insurance Companies

accident

At any particular time in your life, insurance becomes a great necessity. It does not matter whether coverage is needed by such as the case with auto policy or just by prudence. It is true you will need the hedge against loss. Thus, the run of mill policies such as home, life, and auto are quite understandable. For instance, if you lose your house during a flood, you are assured you have got coverage. However, there are some that scratch your head. You need to pay premiums no matter how impossible or strange the scenario, it can be covered. The following are some of the oddest things ever covered by insurance:

Oddest things ever covered by insurance companies

Alien Abductionlocksmith

In fact, this policy exists. Moreover, it is not only for the one-off occurrence. Some companies make most of their revenue by covering people in case they are taken into a spaceship by the extraterrestrial beings. In some instances, it operates a special type of life insurance. If a person is abducted by aliens and never found again, the family left behind is compensated. They need to prove that such abduction occurred.

Tongue

People buy all types of coverages to cover valuable body parts. For instance, Betty Grable took out an insurance policy for her legs just like David Beckham, should disasters befall them. However, the tongue is the oldest body part that was ever insured by Gene Simmons. When rumors surfaced that there was surgery on it, he insured it to ensure he was compensated if someone bit it off. This is one of the tales that are hard to swallow, but very true.

The lottery winners

This is a paccidentolicy that may not pay much like alien abduction cover. However, in the UK, an employer may buy an insurance policy that covers incidents that arise out of two employees that quit after losing the lottery. It needs to be at least 2 people. In addition, they cannot be sharing even a single ticket. Odds of single employees to win a lotto are very slim. Chances of winning tickets of by two people working in a given company are nearly none. The Camelot group, which is an organization that runs UK lotteries, purchased this cover. If employees won, it certainly raises eyebrows if two of their workers won.

The next time you are talking to your policy salesperson. As them else what they can cover, but just for fun.