A London-based insurance-tech start-up can offer drone users the chance to “pay as you fly” with a new UAV insurance app.
The aptly-named Flockannounced last week the launch of Flock Cover, a smart-device app that can provide insurance on-demand to commercial UAS pilots operating in the UK.
Policy pricing start as low as $6.90 for up to eight hours of hull and liability coverage. Comparing the service to ride-sharing, geo-location services like Uber, Flock officials say the process takes just a few minutes to create a profile and purchase insurance.
“This means pilots can easily identify the cost of insurance for each job, expensing these costs to their clients if they so wish,” a Flock press release states. “Flock pilots have the power to customize their liability limits on a per-flight basis, with the app giving a range of options … and this can be done in a matter of taps on a smartphone, at any time of the day."
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