I read that it here first, and its true. State Farm covered my Phantom 4 under their Personal Articles Policy for $60 a year. Covers repair or replacemet due to Fire, Theft, or Accident. No deductable no depreciation. You do not have to have an existing policy coverimg anything else. It is a seperate and its own policy so it wont effect your car or home insurance rates if you have to file a claim. It covers the Drone, battery(s) and case. In my case up to $1,300.00