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Just as it is important for lenders and owners to have title insurance coverage for their real property mortgages, homes and businesses, vessel title insurance is necessary for the buyers, sellers and lenders in the marine industry. For this reason, First American Vessel Title, a division of First American Transportation Title Insurance Company, introduces the EAGLE Protection Vessel Policies. |
In the past, the only protection available to vessel owners and lenders was a review of the United States Coast Guard (USCG) records and an attorney's opinion. Today, First American offers title insurance for owners of U.S. flagged vessels and the marine lending community.
Additionally, our sister company, First American Exchange Corporation, can facilitate your 1031 vessel exchanges. A 1031 tax deferred exchange allows a property owner to trade one property for another without having to pay any federal capital gains taxes on the transaction.
For more than a century, First American has been dedicated to innovative and top quality customer service. First American Vessel Title is committed to providing the marine industry with unprecedented vessel title protection and the same level of exceptional service.
Vessel title protection- its another "first" from First American. For more information, please contact us.
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