Is Veryfly Insurance Legit: Overview, Contacts, Services, Claims, Policy, Cancellation, Pros & Cons

Is Veryfly Insurance Legit: Unveiling the Facts.

An image illustration of Veryfly Insurance
Navigating the insurance landscape with confidence.

If you’re a drone operator, chances are you’ve come across Verifly, a company offering on-demand drone liability insurance.

But is Verifly insurance trustworthy? How does it operate, and what are the merits and demerits of opting for it?

This blog post aims to address these queries and more, enabling you to make an informed decision on whether Verifly aligns with your needs.

Company Overview

Founded in 2016 by entrepreneurs Jay Bregman and Eugene Hertz, Verifly seeks to bridge the gap in the drone insurance market.

Their vision was to provide a straightforward and cost-effective solution for drone operators to secure liability coverage without the constraints of extended contracts or exorbitant premiums.

In collaboration with Global Aerospace, a premier aviation insurance provider, Verifly offers policies underwritten by leading insurers globally.

The company’s mission is to simplify drone insurance accessibility for everyone, from hobbyists to professionals.

Company Contacts

Here are some essential details about Verifly:

  • Phone Number: +1 (888) 988-9204
  • Address: 115 W 18th St, New York, NY 10011, USA
  • Customer Service Contact: support@verifly.com
  • Email Address: hello@verifly.com
  • Operating Hours: 24/7

Services & Products

Verifly provides on-demand drone liability insurance through a user-friendly mobile app.

Users can tailor coverage limits, area, and duration to their specific requirements, paying only for the utilized coverage.

Real-time price and availability based on location and weather conditions are accessible.

Coverage includes bodily injury, property damage, and invasion of privacy claims.

Verifly issues a certificate of insurance for sharing with clients or authorities.

Pros and Cons

Verifly presents several advantages compared to conventional drone insurance:

Pros:

  1. Speed: Obtain insurance within minutes, avoiding lengthy forms or approval delays.
  2. Cost: Affordable rates, starting as low as $10 per hour, with no deductibles or hidden fees.
  3. Ease of Use: Manage insurance through a user-friendly app, offering policy details, history, and status tracking. Modify or extend coverage without penalties.
  4. Flexibility: Customize insurance as per your evolving needs. Cover multiple drones under one policy, flying one at a time.

Cons:

However, Verifly has certain limitations:

  1. Scope: Covers liability only, not damage or loss of your own drone or equipment. Additional insurance may be required.
  2. Availability: Not universally available; check the app for coverage limitations in restricted airspace, adverse weather, or high-risk areas.
  3. Exclusions: Does not cover intentional or illegal acts, including flying under the influence, near airports, or violating drone regulations. Adherence to safety practices is crucial.

Reporting an Incident

In case of a drone-related incident or accident, it is crucial to promptly notify Verifly.

This can be done through the app, by dialing the customer service number, or by reaching out to the support team via email.

Simultaneously, capture visual evidence by taking photos and videos of the scene.

Gather contact details from witnesses or involved parties and cooperate with authorities if required. Verifly will assign a claim adjuster to guide you through the resolution process.

Understanding Your Policy

The policy tells you what the insurance covers and what it does not.

It is a deal between you and the insurance company, and it says what you both have to do.

Read the policy well and keep a copy for yourself.

You can see the policy on the app or ask for a copy by email or mail.

If you have any questions or problems about the policy, talk to Verifly’s help team or a lawyer.

How to Obtain Verifly Insurance

Getting Verifly insurance is a streamlined process:

  1. Download the Verifly app from the App Store or Google Play.
  2. Create an account using your name, email, and phone number, or sign in via Facebook or Google.
  3. Input drone details, including make, model, and serial number. Add multiple drones if needed.
  4. Select coverage options – limit, area, and duration, with real-time pricing displayed on the map.
  5. Confirm payment method and purchase insurance using a credit card or PayPal account.
  6. Initiate your flight, relishing peace of mind. Adjust or cancel coverage anytime via the app.

Cancellation of Verifly Insurance

Cancellation is hassle-free and can be done before or during your flight:

  1. Open the Verifly app and navigate to your existing policy.
  2. Tap the cancel button and confirm your decision.
  3. Receive a confirmation message and a refund for the unused portion of your coverage.

FAQs

Q: Is Verifly insurance suitable for both commercial and recreational drone flights?

A: Yes, Verifly insurance works for both business and fun drone flights, if you follow the rules and laws for drones.

It can be used for different things like taking pictures, making videos, checking things, measuring things, making maps.

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