The State of Florida, Department of Highway Safety and Motor Vehicles requires the Florida Certificate of Title Bond for a motor vehicle without a title. Before applying for the bond, verify with your local DMV office that a certificate of title bond will be accepted. The Florida DMV will not accept bonds on vehicles older than 29 years.
The Florida Certificate of Title Bond is required if an applicant for a certificate of title is unable to provide the department with a certificate of title that assigns the prior owner’s interest in the motor vehicle. The State of Florida requires this bond to protect previous owners of the vehicle and the state itself. This bond proves ownership of the vehicle when other methods are unobtainable. To do this, surety companies can write the Florida Certificate of Title Bond, which acts as proof of ownership. The value of the car will determine the amount of the bond. The Florida Certificate of Title Bond is very easy to obtain–all we need is a completed application, and we can get the bond approved for only $150 in most cases.
What is the Bond Amount?
If you do not know how much your Certificate of Title Bond needs to be, you must call the DMV to find out. Surety companies do not know how much your bond needs to be for, only the DMV does. You cannot fully complete our application and we cannot write your bond until the DMV tells you how much the bond amount is.
How is the Vehicle’s Value Determined?
The Florida Department of Highway Safety and Motor Vehicles requires the bond in an amount of twice the value of the vehicle. Current, national appraisal guide such as Kelley Blue Book or NADA are used to determine the value of the vehicle. Any other methods that are not nationally recognized will not be suitable for determining the value of the vehicle.
How to obtain a Florida Certificate of Title Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Contact the Department of Highway Safety and Motor Vehicles to obtain the bond amount
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Florida Certificate of Title 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.