KB Insurance Launches Drone Insurance for Hobbyists, Offering Coverage Up to 500 Million Won

As the number of hobbyist and recreational drone users increases, the market for personal drone insurance is expanding.

On June 2, KB Insurance announced the launch of its "KB Drone Liability Insurance (Personal Use)," developed with input from members of the country's largest drone community, DronePlay.

This new product is aimed at individual users, distinguishing it from existing drone insurance options that primarily cater to commercial and corporate users.

In the product development process, KB Insurance conducted a survey of 413 DronePlay members, revealing that 98.5% of respondents recognized the need for personal drone insurance, while 76.0% expressed interest in purchasing it.

Key factors considered by potential policyholders included reasonable premiums and coverage limits. In response, KB Insurance designed the product to lower premium costs while ensuring adequate coverage limits.

The insurance offers coverage for up to 500 million won, with daily premiums around 10,000 won. Annual plans range from 50,000 to 130,000 won, depending on the selected coverage level.

Jae-geun Jeong, Executive Director of KB Insurance's General Products Division, stated, "This product is significant as it is a user-participation insurance developed by listening to actual customer voices. We will continue to develop products that cover various risks and contribute to strengthening the social safety net."