Aircraft Title Insurance Agency
1140 NW 63rd, Suite 412
Oklahoma City, OK 73116
Phone: 405-843-8231 | Fax: 405-842-2048
 
Title Insurance v. Legal Opinion

The following table compares what our title insurance policy offers you above and beyond that of a title search and/or legal opinion:

 
Covered Risks
EAGLE® Policy
Title Search v. Legal Opinion *
1. You (or your debtor) own legal title to the Aircraft (CR 1)
Yes
No
2. The priority of your lien (CR 13)
Yes
Yes
3. The invalidity or unenforceability of your lien upon the Title, for any reason, including: (i) invalid execution due to forgery, fraud, undue influence, duress, incompetence, incapacity or impersonation; and (ii) unauthorized execution of the Insured Mortgage by any person [including corporations, etc.], or under a falsified, expired or otherwise invalid power of attorney (CR 12)
Yes
No
4. The invalidity, unenforceability and effect of any assignment of the Insured Mortgage, if identified in the policy (CR 15 and CR 16)
Yes
No
5. Federal tax liens not appearing in the FAA records, up to $250,000.00 (endorsement)
Yes
No
6. State Tax liens not appearing in the FAA records, up to $2,500.00 (CR 19)
Yes
No
7. Unmarketability of the Title (CR 3)
Yes
No
8. Recorded Title Defects which are missed in a search of the FAA records (CR: generally)
Yes
Yes, but only if you prove negligence
9. Certain unrecorded title defects (such as those listed below)
Yes
No
10. Forgery, fraud, undue influence, duress, incompetence or impersonation affecting the title (CR 4)
Yes
No
11. Unauthorized transfers or conveyances of title by any person and any other legal entity (CR 5)
Yes
No
12. The invalidity of any document upon which the title is based because it was not properly executed, sealed, acknowledged, notarized, delivered or filed (CR 6)
Yes
No
13. The invalidity of any document upon which the title is based because it was executed under a falsified, expired or otherwise invalid power of attorney (CR 7)
Yes
No
14. The invalidity of any document upon which the title is based because it was derived through a defective judicial or administrative proceeding (CR 8)
Yes
No
15. The invalidity of any conveyance or transfer of the Title to the Aircraft derived from a decedent’s estate (CR 9)
Yes
No
16. Unrecorded Estate or inheritance tax liens on the title (CR 10)
Yes
No
17. Post-policy forgery of a release, assignment or termination of the Insured Mortgage (CR 17)
Yes
No
18. Certain non-possessory labor or material liens (CR 14)
Yes
No
19. The foreign deregistration of the aircraft (CR 20) (This often requires a search of the records of the foreign country at an additional charge.)
Yes
No
20. Gap Coverage (CR 21)
Yes
No
21. (i) Recorded liens against engines and propellers, (ii) including those missed in a search of the FAA records. (CR 22)
Yes
(i) Yes; and (ii) only if you prove negligence
22. Period of Protection
During ownership or existence of lien; and thereafter as long as there is liability
Limited by applicable state law
*A title search or legal opinion does not afford insurance though it may carry liability if the search or opinion is negligently prepared.

The information listed above is an overview. Please refer to the policy for a complete description of its terms, coverages and exclusions.

Some coverages may not be available in your area or for your transaction, due to legal, regulatory or underwriting considerations.