Aircraft
Title Insurance
An aircraft is a significant investment. Anyone purchasing an aircraft
should consider title insurance as an important element in the
transaction. If a claim against the aircraft surfaces after you
purchase it, it can be expensive and time consuming to defend
against the claim. Legal fees may exceed the amount of the claim.
You have to pay your attorney even if the claim is determined to be
invalid. Worse yet, the claim could be valid. You will then have to
pay off the claim or lose your airplane. With limited exceptions,
title insurance can protect you from such losses. For any covered
claim, title insurance will also provide defense of the claim. Even
if you lose, title insurance will pay the claim or pay you your
loss, up to the limits of the policy.
The EAGLE Protection Aircraft Policy is underwritten through First American Aircraft Title, a division of First American Title and Trust Company, a wholly owned subsidiary of First American Title Insurance Company.
|
|