Finance Trends 2019



Advertise on Bizcommunity

Subscribe to industry newsletters

The difficulty of insuring a drone in South Africa

Your drone probably cost quite a bit of money and you want to insure it. But, insurers are making it impossible for you to do so. Why?
© pakhnyushchyy –
A couple of years ago, the OppiKoppi festival started tinkering with the idea of beer delivery by drone. What a time to be alive. Today, the advancements and innovation in technology have allowed companies such as Amazon to utilize drones in a number of new and exciting ways.

It’s not just the run-of-the-mill retail delivery service anymore. You don’t even need a viable address. Only the location sent via your smartphone. Sure, a drone delivering that DVD boxset you ordered might crash into your house and catch fire, but in most cases it’s a risk worth taking.

Think of all the good that the technology could do. In the event of an emergency, in hard-to-access locations, etc.

Why recreational drone pilots should be trained to avoid liability claims

While South Africa's regulations on drone operation have had significant licensing cost implications for businesses, consumers may be at the highest risk for financial loss too...

13 Feb 2017

In Rwanda, for example, drones can circumvent all the rough terrain to deliver blood samples to hospitals.

South Africa is slowly beginning to embrace this technology. Drone enthusiasts, though, still face a number of problems. Depending on whether you’d like to get one for commercial or personal purposes, you may have to acquire a couple of licenses first. And then, of course, this kind of high-tech gadgetry can come at a hefty price.

Somewhere in the world, right now, there’s a drone on autopilot. The owner will never see it again.

Expensive machines are worth insuring, but it gets a little tricky.

Find out why drones are so difficult to insure on CompareGuru here...
Get a daily news update via WhatsApp or sign up to our newsletters.