Denver Colorado Parking Lot Bond

The Denver Colorado Parking Lot Bond is required by the City and County of Denver in order to obtain a Parking Lot License. The bond is required to be in the amount of $1,000 and the cost of the bod is usually the minimu premium and fees of $150.00 What is the purpose of a Denver, Colorado Parking Lot Bond?

How to Get a Denver Colorado Parking Lot Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Denver Colorado Parking Lot Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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Who Needs this Bond?

In the city of Denver, a Parking Lot License is required for any person using an area (in part or in whole) for storing three or more vehicles and charges a fee for this use. To obtain a Parking Lot License, you must first apply for a zone use permit, then submit the following:

1. Completed application form
2. Diagram of the lot
3. Affidavit of Lawful Presence
4. Verifiable identification
5. A Denver, Colorado Parking Lot Bond in the amount of $1,000

What does the bond do?

A Denver, Colorado Parking Lot License bond acts as a financial guarantee for both the city and the people who use parking lots in Denver. Here’s a breakdown of what it covers:

• Consumer Protection: This is the main purpose of the bond. If a parker has an issue with a parking lot, like damage to their vehicle or theft while parked, and the lot operator fails to rectify the situation, the parker can make a claim against the bond. The surety company that issues the bond will then investigate and potentially reimburse the parker for their losses, up to the bond amount ($1,000).
• Ethical Conduct: The bond ensures that parking lot operators follow Denver’s regulations. This includes things like proper maintenance of the facility, clear signage regarding rates and rules, and following procedures for lost tickets or disputes.
• Compliance with License Requirements: By obtaining the bond, the operator signifies their commitment to adhering to the terms of their parking lot license. This might include things like keeping the lot clean and well-lit, having proper insurance, and following specific operational guidelines set by the city.

Overall, the Denver Parking Lot License bond serves to protect both parkers and the city by ensuring responsible operation of parking facilities.

Note: If the surety company pays a claim on the bond, it will seek restitution from the bond principal (licensee).