There are certain risks associated with this quickly emerging technology, calling for drone insurance to hedge against the risk of a contingent or uncertain loss and address potential liability concerns.

Drones or unmanned aerial vehicles (UAVs) have become a worldwide phenomenon, with an unprecedented rise in technology and new solutions, variants, and business companies emerging daily. As technology continues to evolve, drones are revolutionizing the aviation sector by flying beyond the visual line of sight and ensuring site safety, security, and regulatory compliance more efficiently than ever before. These quadcopters are increasingly becoming popular due to their seemingly endless applications in the commercial, recreational, or military sectors.

Before jumping to drone insurance, let’s pay attention to the popularity and potential risks of flying drones.

Popularity of drones

With time, drones have become smaller, more affordable, more powerful,…