California Motor Vehicle Ownership Bond

What is the purpose of a Motor Vehicle Ownership Bond?

The California Motor Vehicle Ownership Bond ensures the value of a vehicle if the vehicles title of ownership is damaged or lost. California Motor Vehicle Ownership Surety BondThe bond serves as an agreement between three parties.  The principal (also known as, the applicant), the obligee (the state, in this case the Department of Motor Vehicles) and the surety company. The bond will serve to protect the Department of Motor Vehicles, the applicant and future owners of the car from loss resulting from any defect of undisclosed claim that the owner did not report.

Below you will find a relevant information with regard to the vehicle ownership bond. If you have additional questions we would be happy to go over your questions.

  • The bond amount depends entirely on the current value of the vehicle.
  • The ownership bond does not renew.
  • This bond is sometimes referred to as a certificate of title bond, lost title bond or defective title bond.

How do I obtain a California Motor Vehicle Ownership Bond?

Complete our easy to navigate online application. Within one business day,  one of our licensed agents will contact you with a no-obligation quote for your bond (the “premium”). Once any necessary paperwork is signed and the premium payment is processed, your surety bond will be shipped to you via USPS Priority Mail (overnight shipping options also available).

The surety bond experts at Surety Solutions Insurance Services, Inc. (Surety1) are here to help you get bonded quickly and reliably. We work with over a dozen “A” rated surety markets to ensure we find you the lowest rate for your bond. We are also licensed in all 50 states and maintain an A+ rating by the Better Business Bureau.

 

 

Find the surety bond that you need to get the jobs you deserve.

Contact Surety1 today and get started with a bond application to help your business thrive.


Get Started

 

Leave a Reply

Your email address will not be published.