Repossession Insurance

We can add any repossessed aircraft, including helicopters, to our ARP management policy for banks that are interested in outsourcing the insurance to Aero Alliance Insurance Services at extremely competitive rates. To achieve immediate, dramatic and sustainable costs, we're asking Financial Institutions to look beyond the narrowly focused efforts that were common in the past. Aero Alliance has created one immediate, dramatic, and economic solution designed to minimize your aircraft insurance costs and time for managing repossessed aircraft with ARP.

Aero Alliance and the ARP Program are supported by a leading global specialty insurer and reinsurer, writing more than $3.4 Billion annually in gross premiums. With a solid foundation of financial strength and a clear direction for the future, Aero Alliance is honored to work with a company with vision. It is a company committed to seeking and developing insurance solutions that meet the continuously evolving needs of our specialized industry. The underwriters at this company see the value of Aero Alliance experience and the ARP Management Program. The company has been assigned a AM Best rating of "A" Excellent XV.

Why should my Financial Institution consider using the ARP Management Insurance Program?

The lien holder will be covered as an additional insured and as the loss payee under the Aircraft Repossession Program (ARP). Bank Managers with a vision can see the benefits associated with this program, which include:

• Avoiding the Insurance Company minimum premium requirement for them to insure a repossessed aircraft by scheduling it under ARP. We estimate the premium savings to be 50%-75% with ARP.
• No short term premium cancellation penalties.
• Automatic Coverage Endorsement transfers risk from Financial Institution to ARP.
• Alternate liability limits are available under our program from $1 mil to $25 mil. Hull values can range from $10,000 to $25,000,000. We can include Piston and Turbine (Jet) Aircraft, including Helicopters, under the program.
• Aero Alliance's ARP is underwritten with an A rated insurance company.
• Banks receive Breach of Warranty coverage and named as loss payee, so you’re covered in the event of a hull or liability loss.
• Premiums are adjusted and payable quarterly for any aircraft added to ARP.

ARP includes hull and liability insurance coverage for:

• Ferry/Repositioning Flights
• Sales Demonstration Flights
• Aircraft Maintenance Flights
• Ground Storage
• Sale of Aircraft
• Airport Premises Liability
• Damage to Non-owned Hangars
• Medical Expense

Certificates of Insurance

Aero Alliance will maintain a file on aircraft and track the aircraft insurance renewals with the bank, if this service is desired. Any time we don't receive the renewal Certificate, we will contact the bank and the aviation broker responsible for providing evidence of the renewal insurance (on the bank's behalf), including the Breach of Warranty coverage.

ARP Insurance Application

In order to begin the process of insuring a Repossessed Aircraft, please click on and complete the ARP Application below.

Aircraft Repossession Program - Application PDF