The EAGLE Protection Aircraft Owner's Policy protects you from many of the risks of defective title. Imagine having the ownership of your aircraft stripped from you due to something completely out of your control - something you could never have discovered. First American's aircraft owner's title policy covers you against unforeseen and unforeseeable situations, which could result in the loss of title to your aircraft. It includes coverages never before offered in an aircraft owner's title policy.
The EAGLE Protection Aircraft Owner's Policy provides protection against the following:
Ownership Disputes
The EAGLE Protection Aircraft Owner's Policy insures that you own your aircraft. This goes beyond simply insuring that the FAA registration records are accurate. It means that even if the records are not accurate, you are covered against anyone else claiming ownership.
Document Forgery
Coverage is provided if a forgery is discovered anywhere in the chain of ownership to the aircraft and the true owner surfaces.
Purchase of a Stolen Aircraft
A stolen aircraft can be sold using data plates or serial numbers from dismantled aircraft never retired from the FAA's system. You are covered should you unknowingly purchase a stolen aircraft which the rightful owner later claims.
Fraud or Duress
Similar to forgery, this coverage protects you in the event that any transfer document in the chain of aircraft ownership is not valid because it was obtained by fraud, undue influence or duress.
Incompetence or Incapacity
Coverage is provided when any document transferring ownership was signed or delivered by a person who was legally incapable of completing the transaction because of age, incapacity, or lack of partnership, corporate or trust authority.
Defective Filing or Recording of Documents
This coverage protects you against any filing or recording problems, as well as any defect in any filed or recorded document necessary to your ownership of the aircraft.
Post-Policy Forgery
We will protect you if a person claims to own or have a mortgage on your aircraft because someone forged your signature.
Unrecorded State Tax Liens (up to $2,500)
Coverage for up to $2,500 is provided against unexpected state tax liens that did not
appear in the FAA registration records.
Labor or Material Liens (in most states)
We will protect you against liens claimed for payment of services, labor or materials furnished to the aircraft prior to the policy date, which you did not create or agree to pay. With limited exception, we will also protect you from post-policy labor, service or
material providers asserting a claim.
Foreign Deregistration
You are protected against claims that the aircraft's United States registration is invalid because it was not properly removed from a foreign registry.
Gap Coverage
Sometimes material cannot be retrieved from any recording system, including the FAA's, immediately after its submission. At the FAA this "blind spot" can last several hours, and could pose a risk to your interests. This risk is covered by the EAGLE Protection Aircraft Owner's Policy.
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