People often close aircraft transactions without thinking about title insurance because they believe that a thorough search of FAA aircraft title records will divulge any problems associated with an aircraft.

Unfortunately, many title problems are not reported in public records. Aircraft have been lost because liens, unrecorded bills of sale, or forgeries have been discovered after the aircraft sale has been closed.

Title Insurance should be purchased on aircraft for the same reasons title insurance is obtained in real estate transactions - it can indemnify a buyer or lender against actual losses that divest them of their interest in the aircraft. That is, the lender is assured of his lien position, and the buyer is assured of ownership rights. In the event of a defective title, intervening liens or any errors insured against, the title insurance company would perfect the title, paying up to the insured amount to clear the title.

Aero-Space Reports partners with Aircraft Title Agency Inc. of Oklahoma City to provide the industry's best title insurance coverage for our clients. To learn more about aircraft title insurance or to view a sample aircraft title insurance policy, please visit their website: www.actitleins.com.

Click Here to contact Aero-Space Reports regarding title insurance.