Return to News List December 4, 2017 - SC INSURANCE RESERVE FUND RATE MEMO

         M E M O R A N D U M

DATE:  July 2, 2018

TO:      All Insurance Reserve Fund Insureds

FROM:  Anne Macon Smith, Director Insurance Reserve Fund

RE:      Liability Coverage for Unmanned Aerial Vehicles (UAV's)/Drones is now available.

Hope Aviation has been awarded a contract to serve as Broker for Aviation Insurance for State aircraft and insurance for Unmanned Aerial Vehicles (UAV's) that are commonly referred to as "Drones". The coverage for UAVs/drones is available to any IRF insured (State or Non-State). You do not have to have Aviation Insurance, or an aircraft, to buy the insurance for UAVs/drones. As a reminder, liability coverage for drones is excluded by the IRF Tort policy. Also, IRF does not cover drones or any payloads for the drones on any property or inland marine policies.

Please join us for an informational meeting if your agency would like to consider purchasing insurance for the drones it owns or operates. The meeting will be August 1, 2018, at 1:00 PM in the S.C. State Fleet Training Room, 1430 Senate Street, 3rd floor, Columbia, SC 29201. Please RSVP by sending an email to Underwriting@irf.sc.gov .

At the meeting, Hope Aviation will explain the insurance available, coverages, limits, and deductibles. They will also be happy to answer any questions.

The information requested below will be necessary to obtain liability coverage for drones. If possible, please complete a spreadsheet prior to the meeting providing the information for each of your drones. If you do not receive a copy of the email with the spreadsheet attached, it is available on our website at www.irf.sc.gov www.irf.sc.gov . If it is prepared in advance of the meeting, you may email the spreadsheet to achristensen@irf.sc.gov . and we will forward to the broker.

UAVs/Drones:
-Weight (listed in pounds)
-Registration #/Serial #
-Year Manufactured
-Make
-Model
-Value

Payload, Ground Control Equipment, and Spare Parts we will need:
-Serial #
-Make
-Model
-Value

Purpose of Use
Confirmation all pilots FAA Part 107 certified
Loss history for drone losses only.


Return to News List