The State of Florida, Department of Highway Safety and Motor Vehicles (DHSMV) requires the Florida Mobile Home Dealer Surety Bond in order to get a dealer license for this type of business.
The state of Florida requires a dealer license for the following persons, partnerships and corporations:
Before applying for a dealer license, the following pre-license requirements must be met:
Once these requirements have been met, the following should be submitted to the DHSMV:
More information about these licensing requirements and procedures can be found on the Florida DHSMV website.
The Florida Mobile Home Dealer Surety Bond states that the dealer will fully comply with the conditions of any written contract made by him as the dealer in connection with the sale or exchange of any mobile home.
It is important to note that this bond is not insurance. If a customer suffers any loss or damages due to the dealer’s failure to comply with the regulations pertaining to mobile home dealers, the customer can make a claim on the dealer’s Florida Mobile Home Dealer Surety Bond, which the surety company will pay out if settled. However, the bond principal (the mobile home dealer in this case) must repay the surety for any losses incurred due to the claim.
In order to obtain this bond, simply fill out our free online application! One of our licensed agents will contact you within one business day with a quote for the price to obtain your bond (the “premium”). If you choose to move forward after receiving your quote, we will have you sign any necessary paperwork and remit the premium payment, at which time we will ship your bond to you via USPS Priority Mail (with overnight shipping options also available).
What happens when the bond expires?
As these bonds specify a limited term, the bond must be renewed and continued by Continuation Certificate. Approximately two months prior to your bond’s expiration date, our company will send you an invoice to renew your bond for the next term. Once the renewal payment is collected (this will generally be the same as the first year, but can fluctuate based on credit), we will send you a Continuation Certificate with the new term dates listed. You will then submit this Continuation Certificate to the DHSMV as proof that your bond is still active. (Note: an active surety bond is required at all times in order to maintain your license)
Why choose Surety1?
At Surety Solutions Insurance Services, Inc. (Surety1), our agents work with over a dozen “A” rated surety markets to ensure we are finding you the lowest price for your bond. We’ve been issuing surety bonds since 2003 and our quality, reliable service has led us to an A+ rating by the Better Business Bureau! Licensed in all 50 states.