The New York Defective Title Bond is required by the New York Department of Motor Vehicles. When the title of a vehicle is damaged or cannot be produced, they 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 $100 in most cases.
The bond does not protect you; it actually protects the Department of Motor Vehicles from you, in case someone with the vehicle’s title claims that the vehicle is actually belongs to them.
If there is a claim placed on your bond and you are found at fault, the surety company will pay out. However, you will have to pay them back.
Surety1 has access to the best surety markets available so we will be able to get you bonded quickly at the best possible price!