The State of Florida requires all motor vehicle dealers to provide a $25,000 surety bond. the bond has a statutory renewal date of April 30. Now is a good time to re-shop your bond. The surety companies that underwrite this type of bond are filing new lower rates and underwriting requirements have also been relaxed by many of the major surety companies. The bond protects the State and is to guarantee that a Florida Dealer:
Surety1 has great markets for this bond and can usually provide a quote from a number of the 18 markets it represents in less than 24 hours. The cost of this surety bond can be less than 1%, if all underwriting conditions are met. Click Here to Apply Today!