The Liability coverage doesn't have any deductibles (0, none!).
Our Hull coverage for policies issued with Starr includes deductibles at a 14% rate of the declared value per item. Following February 2023, new policies issued with Global Aerospace will have a 10% deductible.
Example: If you insure a DJI Inspire 2 with a declared value of $3,000, your deductibles will be $300 per incident.
- In the event of a drone crash, you will be responsible for paying the given deductible.
- If the damage amounts to $1,000, then you will pay $300 and the insurance policy will cover you for the remaining $700.
- If the drone is a total loss, you'll pay the same $300 deductible, and the insurance company will cover the remaining $2,700.