New York Defective Title Bond

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 required New York Defective Title Bond amount is equal to the value of the vehicle with the defective title. The DMV will determine the value of the vehicle based on a number of factors, including the make, model, year, and condition of the vehicle.

Click Here to Apply For the Bond

What is the purpose of  the bond?

The purpose of a New York Defective Title Bond is to protect the New York State Department of Motor Vehicles (DMV) from financial losses caused by a defective title. A defective title is a title that is incomplete, inaccurate, or fraudulent.

The DMV requires a defective title bond before issuing a new title for a vehicle with a defective title. The bond amount is equal to the value of the vehicle.

The surety bond company that issues the bond will pay the DMV up to the amount of the bond if the DMV suffers a financial loss as a result of the defective title. For example, if the DMV issues a new title for a vehicle with a defective title and the vehicle is later stolen, the surety bond company will pay the DMV the value of the vehicle.

The defective title bond also helps to protect the public from fraud. If a person tries to sell a vehicle with a defective title, the buyer will be able to file a claim against the surety bond company.

Where can I get a New York Defective Title Bond?

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Contact the DMV to obtain the required bond amount.
2. Complete the easy to navigate and secure online application.
3. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
4. Sign some paperwork and pay the bond premium

Once these steps have been completed, the New York Defective Title Bond will be shipped to the bond applicant.

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.