Financial institutions involved in aircraft financing & leasing

Covering financial institutions against lawsuits and all forms of legal action which can result from an accident to owned equipment whilst under lease to an airline. Exposures can include the failure of an airline lessee's own hull and liability insurance. In the event that the lessee's own insurances fail to respond or are inadequate to pay the full liability exposure of a loss event, a financial institution as owner could be directly joined in the action and could find themselves legally liable for massive damages, without the benefit of any insurance coverage. Culver provides full Contingent coverage for both Hull and Liability exposures. Cost is minimal but coverage is broad and substantial.