LAS VEGAS, Sept. 6, 2018 /PRNewswire/
-- REIN's DroneInsurance.com, a digital
drone insurance portal, today announced its collaboration with
AeroVironment (NASDAQ: AVAV), a global leader in
unmanned aircraft systems for both defense and commercial
applications, to offer insurance coverage options for the Quantix™
commercial drone platform.
Quantix, together with the AeroVironment Decision Support
System™ (AV DSS), provides an integrated drone and data analytics
ecosystem designed specifically for precision agriculture. With
one-touch mission planning and launch command, Quantix eliminates
the learning curve for operators and can scout up to 400 acres in
just 45 minutes, delivering actionable intelligence for today's
growers. For more information visit www.avdroneanalytics.com.
"The Quantix™ drone platform and AV DSS is a premium hardware
and aerial data analytics solution choice for today's evolving
precision agriculture and aerial mapping workflows," said REIN
President & Co-founder Steve
Rabbitt. "Collaborating with AeroVironment on offering
dynamic coverage solutions to this enterprise-grade UAV solution
will empower more commercial drone operators to not only fly with
confidence, but to ensure smarter, and more strategic business
decisions every time."
DroneInsurance.com is an automated platform offering dynamic
policy solutions to address the unique risks, pain points, and
insurance needs of commercial drone operators. For a monthly amount
per drone, businesses can protect their ground operations. Then,
operators can purchase flight liability coverage on-demand, for as
little as a day, or as long as a year, with a range of limits.
"AeroVironment's commitment to helping growers gain insights
that can improve operational efficiencies, spot crop health issues
faster and improve profitability shines through with the Quantix
drone and AV DSS analytics platform," said Jeff Rodrian, director of AeroVironment
Commercial Information Solutions. "As the needs of our users scale
and evolve alongside their operations, we are excited to work with
an innovative insurance solution provider like DroneInsurance.com,
whose dynamic offerings match our mission to provide the actionable
intelligence our customers need to proceed with certainty."
Current and future Quantix owners will now be able to purchase
24/7 ground coverage and usage-based flight coverage at
DroneInsurance.com.
1DroneInsurance.com is available throughout
the United States except in NY,
KY, IL, WV and MN. Insurance services are provided by Acend
Insurance Solutions, LLC ("AIS"), a licensed surplus lines producer
in all 50 U.S. States. AIS operates in California under license No. 0L70741.
Additional licensing information is available at
DroneInsurance.com.
About AeroVironment, Inc. (AV)
AeroVironment (NASDAQ:
AVAV) provides customers with more actionable intelligence so they
can proceed with certainty. Based in California, AeroVironment is a global leader
in unmanned aircraft systems and tactical missile systems, and
serves militaries, government agencies and businesses. For more
information visit www.avinc.com.
About DroneInsurance.com
Cutting-edge technology
demands cutting-edge coverage. Powered by REIN's insurtech
platform, DroneInsurance.com replaces paperwork and complexity with
data-driven automation and user control to offer insurance coverage
solutions designed to address the unique risks, pain points and
coverage needs of commercial drone operators. REIN was founded in
2015 and is located in Maynard, MA
and Chapel Hill, NC. REIN's wholly
owned subsidiary, Acend Insurance Solutions, LLC is a licensed
surplus lines producer in all 50 U.S. States and provides insurance
services. For more information, visit REIN.ai and
DroneInsurance.com
MEDIA KIT
About REIN
REIN is an insurtech company creating new,
custom-made insurance technology products around the emerging risks
in mobility, robotics and online ecosystems. In a time of evolving
risks, changing customer behavior and unprecedented demand for
speed and simplicity in insurance products, REIN uses data, machine
learning and modern tools to help companies bring new insurance
products to market faster. Founded in 2015, REIN has offices
in Chapel Hill, NC, Maynard, MA and Halifax, NS.
MEDIA KIT
*The information contained herein is for general informational
purposes only and does not constitute an offer to sell, or a
solicitation of an offer to buy any product or service. Any
description set forth herein does not include all policy terms,
conditions and exclusions. Bound insurance policies, rather than
summaries thereof, govern. Not all insurance coverages or products
are available in all states and policy terms may vary based on
individual state requirements. Some policies may be placed with a
surplus lines insurer. Surplus lines insurers generally do not
participate in state guaranty funds and coverage may only be
obtained through duly licensed surplus lines brokers.
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SOURCE REIN