The Alaska Vehicle Title Surety Bond is required when the title of your vehicle is no longer available. The bond is a 3-year non-cancelable bond. The bond amount must be one and one-half times the appraised value of the vehicle. You will need to obtain an appraisal of the current fair market value of the vehicle. The cost of this bond with Surety1 starts at $100 for the 3-year term with a completed application. No credit check for bonds up to $50,000
If you do not have enough evidence to show your ownership of your vehicle, the state of Alabama will still allow you to register your vehicle provided that you follow the regulations stated in the Alaska Statures 28.10.216.
The statutes state that the applicant may be required to give a deposit of cash or a surety bond. According to the State of Alaska Department of Motor Vehicles, the said vehicle must be first appraised by a licensed dealer, insurance dealer, or a bank. Then, you must get a surety bond from a company licensed to do business in the state. The Alaska Vehicle Title Surety Bond should be good for three years, in an amount that is one and one-half times the appraised value. Do note that if the appraisal you submit is less than the fair market value, your vehicle will be rejected.
Our company, Surety Solutions Insurance Services, Inc is licensed to issue surety bonds in the state of Alaska and we have been doing so since 2003. The process is easy. All you need to do is fill out this online application form and wait for the call of one of our surety experts. This call will come within just one business day, as we pride ourselves in offering the best service to our clients, as evidenced by our rated A+ by Better Business Bureau.