The New York Defective Title Bond is required by the New York Department of Motor Vehicles. A certificate of title is a legal document that establishes a person or business as the legal owner of a vehicle. When the title of a vehicle is damaged or cannot be produced, the Department of Motor Vehicles will generally request you to obtain a surety bond. The bond is very easy to obtain–all we need is a filled out application, and we can get the bond approved for a very low price.
The defective title bond protects the department of Motor Vehicles in case someone with the vehicle’s title claims that the vehicle actually belongs to them. If there is a claim placed on your bond and you are found at fault, the surety company will pay the claim. However, you will have to pay them back.
Applicants must make sure that their New York Defective Title Bond is issued by a company that is licensed to operate in the state.
Here at Surety1, our expert agents want to make things easier for you. With only an application, we can get your surety bond approved quickly. Not only that, because we represent over a dozen surety markets, you can be sure that we will also give you the best rates possible.
Our licensed agents will give you a quote for the bond premium once you submit the online application form. All you need to do next is sign the agreement and pay the given amount. We will then send the New York Defective Title Bond through USPS Priority Mail or overnight delivery.
Surety1 delivers only the best service for all our clients. We are licensed in all 50 states and even have an A+ rating from the Better Business Bureau.