Does Your Drone Need Insurance?

Mar 29, 2019 by

Small drones, also known as unmanned aerial vehicles, have become increasingly popular among hobbyists, kids and even businesses. Flying a drone can be fun, but it can also become an insurance headache if the remote-controlled aircraft is involved in an accident.

Therefore, before your drone hits a car, house or person–or gets in another sort of accident–it’s important to understand how your drone is covered.

Getting started, check your homeowners or renters insurance policies to see whether such aircraft are covered or excluded from coverage altogether. It’s also important to remember that even if your insurer does offer related coverage, there may be restrictions that you’ll need to be aware of.

It may be worthwhile to check with your insurer every few months on coverage changes related to drones, because such coverage is relatively new and the developing technology may require insurance policies to be updated often.

If your drone hits your own car, it should be covered by the comprehensive coverage on your car insurance, which covers damage to a car from fallen objects or other disasters, according to the Insurance Information Institute (III). If it hits someone else’s car, it should be covered by the liability coverage on your homeowners insurance.

If someone is injured by the drone, your home insurance policy should have no-fault medical coverage. Injuries to your own family members, however, won’t be covered, according to the III. Your health insurance will cover that.

Your home insurance should also pay to replace a stolen drone. You’ll have to pay the deductible on your policy.

The liability portion of your homeowners or renters policy may cover you against lawsuits for bodily injury or property damage that a drone causes, the III says. Even privacy issues—such as inadvertently taking pictures of a neighbor, who then sues you—should be covered. Intentional invasion of privacy won’t be covered.

If you’re using a drone for business, the Federal Aviation Administration has stricter guidelines for commercial use than it does for recreational operation. Whatever you’re using a drone for, though, it must be registered with the FAA if it weighs between 0.55 pounds (250 grams) and 55 pounds (25 kg). If your drone isn’t registered, you may be subject to criminal and civil penalties. Commercial drone operators must be licensed.

Furthermore, commercial drones aren’t covered by personal insurance policies. A business policy is needed in case your drone gets in an accident or does something else that requires insurance while being used for a business.

If you break a law with your drone, your insurer may not cover you. Federal regulations prohibit flying drones above 400 feet, within five miles of an airport, and above crowds or other objects. Flying drones near disaster areas may also violate federal and local laws, and unauthorized drone operators may be subject to fines if they interfere with emergency response operations.

Whether you plan on playing with a drone in your backyard or using it for business purposes, you’ll likely want to make sure you know the rules and are covered in case of an accident.

The post Does Your Drone Need Insurance? appeared first on RISMedia.


read more

Related Posts

Share This

5 Reasons You Need a Business Coach

Mar 12, 2019 by

As the first quarter wraps up, you’re probably checking in with the goals you set back at the beginning of the year. Have you done everything you said you were going to do on January 1? If the answer is no, don’t worry—you’re not alone. It can be tricky to hold yourself accountable when you’re self-employed (especially in real estate).

Getting a coach is one of the best things you can do for your business to stay on track! Here’s what a coach will help you do:

  1. Create Measurable Goals – Goals are an essential part of your annual plan and give you a target to strive for. General goals are an easy trap to fall into—you know, things like, “I’d like to increase sales” or “I want to grow my database.” These are great starting points, but they aren’t specific or measurable. A coach shows you how to set goals by reviewing your past goals and current production, resulting in creating achievable and ambitious goals for the future.
  1. Offer Insight and Perspective Into Your Business – Reflection is one of the most valuable business tactics. You can review what’s working and what you might want to change moving forward. As a business owner practicing your craft daily, it can be easy to lose touch with the bigger picture. A coach is meant to take an objective look at your business and provide unbiased insight and honesty to help you grow.
  1. Target and Identify Strengths – Tapping into your strengths can help you achieve your true potential. Unfortunately, many of us tend to get in our own way—we become unable to recognize what we do best. A coach can help you pinpoint what your strengths are and suggest ways to build upon them. This allows you to work more effectively and efficiently to deliver excellent service to your clients.
  1. Create a Successful Business Planning Calendar – Think of your calendar as the foundation of your blueprint. Your coach will help you fill it in with events, tasks and activities that will help you reach your goals and grow your business. They’ll help you identify your priorities not only for the year, but also for the month, week and day, so that you’re focusing on what’s more important instead of getting bogged down by the distractions that arise.
  1. Motivate You to Think Bigger and Take Your Business to the Next Level – Even if you’re ambitious and driven, sometimes you need another person to give you a push to think beyond your limits. A coach not only provides encouragement when you need it most; they’ll also nudge you out of your comfort zone and into the growth zone, where you and your business can flourish. You’ll be able to achieve more than you ever thought possible!

Is investing in a business coach the right choice for you? There’s no time like the present to get started. See what new heights you’ll reach this year with a coach in your corner. Buffini & Company’s One2One Coaching program has world-class business coaches ready to take your business to the next level. Sign up for your complimentary coaching session today.

The post 5 Reasons You Need a Business Coach appeared first on RISMedia.


read more

Do You REALLY Need to Track Your Mileage?

Dec 21, 2018 by

The post Do You REALLY Need to Track Your Mileage? appeared first on RISMedia.


read more

Related Posts

Share This

What Is a Customer Relationship Management System, and Why Do You Need One?

Nov 12, 2018 by

Whether you’re an independent real estate agent or employed at an agency, a customer relationship management (CRM) system may be the key to attracting, managing and retaining clients.

What is a CRM system?

A CRM system is like your very own virtual personal assistant. It “allows you to track the entire customer journey, including all historical interactions…across all departments, be it sales, marketing, finance or customer service,” says Mason Frank Internationals’ Chief Marketing Officer, Kashif Naqshbandi.

In addition, the right CRM system can help you:

  • Communicate with clients throughout their entire home-buying process.
  • Follow up with potential clients at the right time.
  • Track productivity through leads/revenue.

“In the business of real estate,” a CRM system “is more like the lifeblood of your business. Without it, your business will die,” Ohio real estate agent and REALTOR® Eric Sztanyo stresses.

What are the benefits of using a CRM System?

Many real estate professionals, like the Director of the California Association of REALTORS®, Sebastian Frey, say it’s difficult to make a living in real estate without a CRM system.

“A CRM system helps agents stay in contact with their database, to maintain top-of-mind awareness with their sphere, clients and prospects,” says Frey. “Without a system to reliably communicate with hundreds or thousands of people, many opportunities to help customers will be lost.”

These virtual personal assistants can also give you peace of mind when it comes to managing your day-to-day. “I can add a contact to my CRM, and then basically relax,” says Texas property manager and REALTOR® Cassie Villela. “I know that the programs I’ve set up with remind me to interact with that person appropriately,” she adds.

What are some popular CRM Systems to choose from?

According to Naqshbandi, Salesforce is a CRM based entirely in the cloud. “It can integrate all of your digital channels into one comprehensive system, enabling you to manage your social media, email campaigns and digital advertising on one interface.

Licensed real estate professional James McGrath of New York recommends Contactually for its bucket feature. “You can easily make buckets (one for leads you haven’t spoken to, another for those you’re actively house hunting with, etc.) and add
reminders specific for each,” says McGrath.

If you have any questions or would like more information on how the Quicken Loans® Agent Relations team can help you grow your business, call (866) 718-9842 or email You can also visit

Krystal Miller lives, works, and plays in the Detroit area and loves covering a variety of topics. She started her writing career in broadcast news and made the move to marketing copywriter in 2012. When she’s not writing, you can find her cruising around town on the back of a Harley or enjoying some quality time with her family in Northern Michigan.

For the latest real estate news and trends, bookmark

The post What Is a Customer Relationship Management System, and Why Do You Need One? appeared first on RISMedia.


read more

Related Posts

Share This

Sitio web optimizado por: SEO Valencia
Plugin Modo Mantenimiento patrocinado por: Plugin WordPress Maintenance