The Florida Department of Highway Safety and Motor Vehicles requires the Florida 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. This bond proves ownership of the vehicle when other methods are unobtainable. To do this, surety companies can write the Lost Title bond, which acts as proof of ownership. The value of the car will determine the amount of the bond.
If you do not know how much your Lost 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.
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 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.