The North Carolina Indemnity Bond is required by the North Carolina Division of Motor Vehicles. The bond does not protect you; it actually protects the Division of Motor Vehicles from you, in case someone else with the title to the vehicle claims that it is theirs.
How to get a North Carolina Lost Title Indemnity Bond
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the North Carolina Indemnity Bond will be shipped to the bond applicant.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
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Who needs a North Carolina Indemnity Bond?
When the title of a vehicle is damaged or cannot be produced, the DMV will generally request that you obtain a Indemnity Bond. Complete an Affidavit of Facts and have the vehicle inspected prior to obtaining your bond.
What is the Bond Amount?
If you do not know how much your Indemnity Bond needs to be, contact the DMV to find out. Surety companies do not know how much your bond needs to be for, only the DMV does. You cannot fully complete our application and we cannot write your bond until the DMV tells you how much the bond amount is.
North Carolina requires one and one-half the value of the vehicle as shown in the Value Schedule. Contact any license plate agency or call the NCDMV Customer Contact Center (919-715-7000).
How to Get Your North Carolina Lost Title Indemnity Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.