A FORM’S TAKE: DRONES, VIRTUAL CURRENCY, AND LAWN MOWERS By Kevin C. Amrhein, CIC, CBIA As with any ISO form revision (that took 11 years to develop/ release), the changes in the March 2022 edition to its Homeowners policies are plentiful. This article focuses on three specific areas that represent a personal interest of mine: drones (because flying things are cool), virtual currencies (because it’s interesting tech), and riding lawn mowers (because I’m a red-blooded American male). Below is my effort to contrast the 4
new form’s take on these issues with its 2011 predecessor. DRONES Regarding personal property coverage: While the 2011 form considers aircraft as Property Not Covered, it contains an exception for model or hobby aircraft not used or designed to carry people or cargo. Most recreational drones would meet this exception. The 2011 form does not specify a limit for covered APRIL 2022
drones. As such, they would be subject to the Coverage C – Personal Property limit. The 2022 form does not amend the exclusion or exception regarding aircraft. However, this form does create a specific limit of $2,000 on model or hobby aircraft not used or designed to carry people or cargo. Regarding liability coverage: In both the 2011 and 2022 forms, the definition of “aircraft liability”
