What type of aircraft insurance does Bank of America require?
• You are required to maintain full ground and flight insurance as well as “Breach of Warranty Insurance” for the amount of the loan. • Bank of America must be named as “loss payee” and be protected by a “lien holder’s endorsement.” • Although Bank of America does not require you to utilize the AOPA Insurance Agency, we do recommend them. Please call 800/622-2672.
You are required to maintain full ground and flight insurance as well as “Breach of Warranty Insurance” for the amount of the loan. Bank of America must be named as “loss payee” and be protected by a “lien holder’s endorsement.” Although Bank of America does not require you to utilize the AOPA Insurance Agency, we do recommend them. Please call 800.622.2672.
