A new and innovative insurance product to protect the legal ownership of aeroplanes and helicopters.
Whether you are a global bank, a finance organisation, an aircraft manufacturer or an individual purchasing an aircraft, we can provide insurance to protect you against a variety of unknown ownership risks. Insuring these risks can facilitate funding and remove hurdles that may prevent a quick and efficient transaction.
We have partnered with AIC Title Service (https://www.aictitle.com/), to provide insurance for the legal ownership of aircraft throughout the world. AIC is the industry leader in title search, escrow, document submission, transaction management and lien.
We can cover either airplanes and/or helicopters traded anywhere in the UK, Europe and the USA. This includes the aircraft body and/or engines, rotors and propellers.
The policy can insure the owner for as long as they own the aircraft and/or the lender for the life of the loan. Title insurance protects against the following risks:
- Fraud and Forgery
- Unknown debts secured against either the aircraft, its engines or, propellers
- Third parties claiming to have better legal ownership rights
- Outstanding rates, taxes, charges and other levies, which often affect aircraft
- Invalid registration
Please ask for a copy of the policy wording for the full list of Insured Events.
What's Not Covered
The policy won’t cover:
- Governmental/police power to confiscate the aircraft
- Environmental law breaches
- Operational issues, including the aircraft being “un-airworthy”
- Cape Town Convention “non-consensual rights”
- Inability to register, because the owner doesn’t have the right citizenship
- War, unrest, invasion
Please ask for a copy of the policy wording for a full list of the Uninsured Matters.
How much does it cost?
Speak to the team
Andrew is a Chartered Surveyor with over 25 years’ experience in the property industry who has applied his property and business experience to a wide variety of entrepreneurial companies.
His first professional property consultancy in the golf course market has been followed by several ventures in property development, consultancy, IT and renewable energy.
In 2013 he co-founded DUAL Asset Underwriting which has rapidly become the leading global insurer for legal indemnities. His property expertise and connections bring a unique combination to this exciting insurance business. As well as being passionate about property and creating deals, Andrew enjoys golf and supporting Watford FC.
Phil is one of the founders and the Chief Underwriting Officer of DUAL Asset.
A solicitor, the founder and former Chief Executive Officer of First Title Insurance plc and a Senior Vice President of the First American Corporation.
Phillip has created successful legal indemnities businesses in the UK and Ireland, Central and Eastern Europe, Turkey and Western Europe. He managed First American’s Australia/New Zealand operations from Sydney for a few years in the mid 2000s.
Now that Phil has stopped playing, he watches rugby. He is also an untalented but enthusiastic junior football coach. He sings and plays guitar with his rock n roll band Upside & owns Penn Street Promotions, an independent record label with Andy Hillier.
Ian Keith is an experienced legal indemnity underwriter, having been underwriting international title risks since 2006.
Ian was one of the founders of DUAL Asset and has been integral in growing the business from a start-up company in 2013 to its current position as the leading international legal indemnity provider.