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?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application.
- 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 surety bond will be shipped to the bond applicant. apply online for instant approval on most Florida lost title bonds.
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.