Since this conversation has taken a turn towards insurance (Although I am pretty sure the $1000.00 per year figure introduced was not meant to be taken seriously) I thought I would toss this option into the mix.
https://www.neary-aerial.com/home.html
It's not exactly insurance or a warranty. As far as I can tell, it's better.
Any insurance policy or warranty for a drone is going to be loaded with clauses about what is covered and what isn't and since negligence is never covered, you are almost always not going to be covered. No matter how you crash or what causes it, some kind of negligence can always be found on the part of the pilot. There is always some calibration that should have been done, some weather report that should have been read, or the way you charged or stored your battery, or something that can be blamed on the pilot and void your warranty or insurance claim.
This is a service contract. He is betting that more people will buy this contract and not use it, then the number of people who crash and need repair. From what I understand, the circumstances don't even come into play.
Here's how it works (from a conversation with the owner of the company):
1. Something happens and your drone is damaged.
2. Send it in
3. They repair or replace it and send it back.
4. Done.
You pay an annual fee for this. For a Phantom 3 Professional for the Gold package (Best offered package) it costs $239.00 per year.
It covers all these things (Shows both Silver and Gold Packages):
I believe the only expense you will incur other than the annual fee is shipping charges. For the Gold package, there is no deductible. Everything is covered. If you have no claim in your first year, your second year fee will be reduced by 25%. If you have one claim, they will still reduce your second year's fee, but by 20%.
With the Silver package, diagnostic fees are not covered and there is a $75.00 deductible. Percentage discounts for the second year are lower.
This is something I plan to do very shortly, as soon as I get past my Christmas bills. It is peace of mind.
I am just tossing this out there as an alternative option to an insurance policy that only covers you under certain circumstances with lots of small print. It may be pricier, but the no questions asked approach seems better to me.
Hope this helps someone.