The Title Surety Bond for a Motor Vehicle is required by the Florida Department of Highway Safety and Motor Vehicles. The bond protects all prior and subsequent owners of the vehicle against any expense, loss or damage because of the issuance of the Certificate of Title. There is a term of three years on the bond.
Who needs a Lost Title Bond?
The Florida Lost 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. The bond proves ownership of the vehicle when other methods are unobtainable.
How is the Bond Amount 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 guides such as Kelley Blue Book or NADAguides 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.
What is the Bond Amount?
If you do not know how much your Lost Title Bond needs to be, 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.
Where can I get a Florida Lost Title Bond?
Surety1 can easily get you the bond that you need. You can be assured of the lowest rates as we have partnered with over a dozen A-rated surety markets. We have friendly agents who are willing to answer all your queries and give you only the best service.
First, start the process by completing our easy to navigate, free online application form. Then, after your application has been submitted, one of our surety agents will contact you with a no-obligation quote on the bond premium. After that, once you are ready to move forward, you just need to pay the premium and sign the agreement. Lastly, your bond will be mailed to you by USPS Priority Mail. Overnight delivery is also available for an additional fee.
Surety1 has been in the business since 2003. We are licensed in all 50 states and our services have earned an A+ rating from the Better Business Bureau.
How to Get Your Florida Lost Title Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.