An aircraft title insurance policy is not unlike a land title policy. It can indemnify an owner or lender against actual losses that divest them of their interest in the aircraft.
The best title search or legal opinion can only report problems of record at the FAA. Many title problems, however, are never reported in the public records, and the most thorough title report or legal opinion could never detect them.
For a one-time premium, a title insurance policy will protect an owner or a lender from losses that may arise as a result of the many hidden problems that cannot be found by searching the FAA records.
If an insured suffers a loss covered by the policy, the title insurer will reimburse them up to the amount of the policy. In almost all cases, they will also cover the reasonable fees and costs incurred in defending the title.
We are an agent of First American Title Insurance Company of Louisiana, a subsidiary of First American Title and Trust Company, one of the largest land title companies in the United States. First American is a publicly held company, traded on the NY Stock Exchange under the symbol FAF.
With such strong financial backing, you can be assured that your investment is secure.