Drone Insurance - HULL, SPARE, PAYLOAD

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Key Features

Drone Insurance Hull,Drone, Spare, Payload,GCS
Coverage for Loss/Damage Any Accident/Misfortune/Theft
Type of Insurance Annual, Enterprise, Monthly
Drone Damage Coverage 5,000,000/-
National Insurance Regulator PIAM

Short Description

An All Risk/Hull policy aims to protect you Drone and any other attachment connected to it in event of it being lost or damage by any accident or misfortune due to the Fire & Perils such as lightning, Theft by forcible entry or exit from premises, Accidental Damage.
HULL & SPARE COVERAGE -
Fly Aaway Converage. Worldwide Coverage. Physical Damage, Repair Cost, Total Lost, Theft, Transit.
ADD ON COVERAGE -Strike, Malicious Acts, Hi-Jack.

Description

An All Risk/Hull policy aims to protect you Drone and any other attachment connected to it in event of it being lost or damage by any accident or misfortune due to the Fire & Perils such as lightning, Theft by forcible entry or exit from premises, Accidental Damage.

The cover is restricted by way of Memorandum as follows:

It is hereby declared and agreed that this Policy is restricted to cover Fire, Theft and Accidental Damage by External Means

The Exclusions and Warranties to cover are as follows:

  • Fly away losses where drone could not be recovered, and item could not be found
  • Loss or damage of drone from unattended vehicle
  • Water, offshore or weather damage claims. (Can be removed for additional premium)
  • Any claims for electronic failure, breakdown due to wear and tear, manufacturing defect, breakages or derangement, electrical failures, or any claims arising from malfunction due to improper maintenance or neglect in following usage and maintenance specifications.
  • Warranted that the drone must be manned by insured’s qualified and Authorised named operators.
  • Warranted that drone securely kept under lock and key within the Insured premises after each usage

Immediate notice be given to Insurer on any claims with police report be made immediately for Theft claims.

PRE-QUALIFICATION ASSESSMENT

A Pre-Qualification Assessment is a process of certification of the UAV/Drone, its payload, and the operator. This is a compulsory requirement by the Insurance Policy provider (PIB) to cover the applicant. PIB only recognized the assessment that is signed off jointly by VStream Revolution and MUDAS.

The Assessment include the following:

  1. To check and confirm the UAV/Drone and its payload, is fit to fly/operate.
  2. To check and confirm the Operator / Pilot is competent to operate the UAV/Drone in safe and following Malaysian Law, Rules and Regulation.
  3. Recommendation to application on training to qualify for drone insurance coverage

TRAINING AND CERTIFICATION
Training and Certification should the applicant pre-qualification process recommend for the pilot to be trained and certified to qualify for the Drone Insurance Coverage. We provide a comprehensive Drone Training and Certification Course for 3 day.

The Training include the following:
Basic Drone operation training

  1. Rules and Regulation of UAV/ Drone Operation in Malaysia
  2. Safety and Risk Assessment
  3. Introduction to UAV/Drone
  4. Simulation
  5. Flight Operation

INTRODUCTION TO DRONE INSURANCE

"Unmanned Aerial Vehicle (UAV)/ Drone is being widely used in commercial purposes including Agriculture, Mapping, Filming, Photography and Surveillance to name a few and are using such technology to advance their services."

With the growing demand for the drone services, the main factor to consider is SAFETY of operation and equipment.

The requirement for each operation to have Insurance coverage has become more important and its being recognized both by the Authorities and Client. Service provided also wish to secure their operations and assets (UAV/Drone).

Understand the need to cover the operation and UAV/Drone, we introduce Drone Insurance coverage for ;

  1. Malaysia
  2. Singapore
  3. Indonesia
  4. Thailand
  5. Philippines
  6. Brunei
  7. Sri Lanka
  8. Bangladesh

CHOOSE YOUR DRONE INSURANCE COVERAGE
“Mitigate the potential risks and liabilities that you might carry when operating your drone in public space.”

Our collaboration with insurance company as the policy provider, we have all the mechanism in place for a quick and fast application and approval process. Along with MUDAS as the recognized advisor for the UAV/Drone development, requirement in safety and regulation. Our drone insurance is ready to cover your complex operation and advance equipment (UAV/Drone).”

Specifications

  • VStream Revolution Sdn Bhd
  • Insurance
  • Annual, Monthly
  • Malaysia
  • Close Range ( <150 ), Decoy ( < 250 kg ), High Altitude Long Endurance ( <12,000 kg ), Low Altitude Deep Penetration ( <350 kg ), Low Altitude Long Endurance ( < 30 kg ), Medium Altitude Long Endurance ( <1,500 kg ), Medium Range ( <1,250 kg ), Medium Range Endurance ( <1,250 kg ), Micro ( <5 kg ), Mini ( <25 kg), Nano ( <250 gm ), Offensive ( < 250 kg ), Short Range ( <200 kg ), Unmanned Combat Aerial Vehicle ( <10, 000 kg )
  • , Enterprise Solution, Recreational Flights
  • 5,000,000.00
  • 5,000,000.00
  • 30
  • 5,000,000.00
  • NO
  • YES
  • YES
  • NO
  • NO
  • NO
  • YES
  • YES
  • YES
  • YES
  • YES
  • YES
  • YES
  • NO
  • NO
  • PIAM
  • YES
  • YES
  • NO
  • YES
  • YES
  • HULL
  • YES
  • YES
  • REQUIRED
  • ANNUAL
  • YES
  • NO
  • Annual Insurance, Monthly Insurance
  • Commercial Operations
  • YES
  • YES
  • NO
  • YES
  • 5,000,000.00
  • NO
  • NO
Drone Insurance - HULL, SPARE, PAYLOAD

Drone Insurance - HULL, SPARE, PAYLOAD

Use Cases

  • Drone Crashed by Pilot Error

    Description

    Drone crashed due to mishandling by Pilot, we cover for the Drone Repair or Total Loss

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  • Drone Crashed due to Technical Error

    Description

    Drone crashed due to technical error , we cover for the Drone Repair or Total Loss

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  • Drone Fly Away due to Technical Error

    Description

    Drone Fly Away due to technical error , we cover for the Total Loss

    View
  • Drone Crashed due to Strike or Hi-Jack

    Description

    Drone crashed due to strike or Hi-Jack , we cover for the Drone Repair or Total Loss

    View

Other Use Cases by the company

  • Spraying/Fumigation on a plantation - Injury

    Description

    You are carrying out a fumigation job on a plantation and a lot of curious workers, or even by standers stand by to watch your drones even though you put a cordon around the place, and they get accidentally sprayed on by the chemicals or the drone crashes into them causing injury or even death to them.?

    View
  • Spraying/Fumigation on a plantation - Property Damage

    Description

    You or your agents are carrying out a spraying or fumigation job on a plantation using a drone whose owner allows you to do for a payment of fees and your crew accidentally or negligently damages their plantation or any system and causes massive damage to the plantation and items in it.

    View
Drone Insurance - HULL, SPARE, PAYLOAD

Drone Insurance - HULL, SPARE, PAYLOAD

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Drone Insurance - HULL, SPARE, PAYLOAD

Drone Insurance - HULL, SPARE, PAYLOAD

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Drone Insurance - HULL, SPARE, PAYLOAD
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Price: RM1

View Contact

VStream Revolution Sdn Bhd

Insurance-Finance

UAS AVIATION INSURANCE

insurance

Construction Real Estate, Drone Delivery, Power Utilities, Forestry Agriculture, Surveillance Mapping, Leisure Hobby, Aerial Photography, Mining Exploration, Education, Security Law Enforcement, Environment Wildlife, Archeology Monuments, Disaster Management First Responders, Infrastructure Transport, Science Research, Others

Malaysia

Brunei Darussalam, India, Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand

Safety Management System - Dviation Group DTCN2022010101

VSTREAM REVOLUTION SDN BHD is a drone technology startup that was founded to address the risks associated with drone operation, specifically related to drone crashes and injuries to third parties (human or assets). The company offers drone insurance for drone repair and total loss claims as well as third-party claims. Additionally, VSTREAM REVOLUTION SDN BHD provides drone consultancy services with ready-to-use checklists, operation procedures, operation manuals, permit application services, a

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Drone Insurance - HULL, SPARE, PAYLOAD
Drone Insurance - HULL, SPARE, PAYLOAD
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