The Iowa Certificate of Title Surety Bond is required by the Iowa Department of Transportation. The bond does not protect you. It actually protects the Department of Revenue from you in case someone with the vehicle’s title claims that it belongs to them.
What is the purpose of an Iowa Certificate of Title Surety Bond?
It is important to have a title for your car, as this is required in order to sell or junk your car. When your vehicle cannot be titled because you don’t have the proper title documents required by your county treasurer, you may be able to file a bond as a condition of obtaining a title. This is essentially a title based on the value of the vehicle when the original proof of ownership has been lost or damaged and cannot be reproduced.
How do I obtain a Certificate of Title bond?
First, complete and sign an Application for Registration and Bonded Certificate of Title for a Vehicle form. In addition, have a copy of any written documents you received at the time the vehicle was acquired. Thses can include a bill of sale or a cancelled check. Next, submit these items to the Department of Transportation and they will determine the value of the vehicle.
What is the Bond Amount?
If you do not know how much your Certificate of Title Bond needs to be, call the DOT to find out. Surety companies do not know how much your bond needs to be for. You cannot fully complete our application and we cannot write your bond until the DOT tells you how much the bond amount is. In Iowa the bond amount will need to be one and one-half times the value of the vehicle provided by the DOT.
Where can I get an Iowa Certificate of Title Surety Bond?
Surety1 can easily get you the bond 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.
It is easy to obtain your surety bond. First, complete our free online application form. Next, you’ll receive a no-obligation quote from one of our licensed agents. Pay the premium and sign the agreement. We will then send your bond via USPS Priority Mail. In a hurry, we can ship overnight.
Surety1 has been in the business since 2003. We are licensed in all 50 states. As a result, our services have earned an A+ rating from the Better Business Bureau.