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Drones: Insurance Industry Game Changers.

With the expanded popularity and use of drones for everything from aerial surveillance to Amazon deliveries, it was only a matter of time before their impact was felt in the claims industry.  The four main areas of impact from drone technology  in the insurance field include:

  1. On site investigation and accident reconstruction.
  2. Surveillance and the monitoring of disabilities.
  3. Claims settlements.
  4. New forms of insurance coverage for drones.

While the current cost of sending field adjusters to investigate accident scenes is high, these fees can soon be mitigated by the use of drones for these services.  Additional benefits of drone usage in the insurance business are ease and rapidity of deployment, liability determination and injury confirmation.

Drones will also be playing  a significantly larger role in fighting insurance fraud through possible surveillance of bodily injury/workers’ compensation claimants.

 

There are, however, liability risks associated with drones, like the potential for drones to drop out of the sky and because they fly at low altitudes, there is the risk of a drone crash possibly causing property or personal injury damage.  Also, certainly we will see lawsuits relating to drone use alleging invasion of privacy.

 

Nonetheless, drone use is not only here to stay but will expand dramatically as the technology improves, making its inclusion in insurance matters a cornerstone of that industry.  It’ll be interesting to see how the law adapts to the inevitable drone factor.

BNI Operatives: Situationally aware.

As always, stay safe.

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