California DMV Defective Title Bond
AmeriPro Surety Bonds | 844-589-9732
If you need a California DMV defective title bond, in all likelihood you’ve already visited a local California Department of Motor Vehicle location and have been told by a representative that you are required to purchase one.
DMV Defective Title Bond
A DMV defective title bond is required when a vehicle that you own has a missing title or one that is somehow colored.
It is likely that you learned that you are required to purchase this bond because you wish to transfer ownership of the vehicle.
Of course, without a title, you cannot make a lawful transfer. In order for the DMV to issue a new and replacement title, they want to guarantee that the DMV, you, and any potential owners are protected against any future discovery of prior ownership (i.e. the missing title) of the vehicle.
Qualifying and the Premium
For California defective title bonds where the vehicle is valued up to $50,000, the bond is an “Instant Issue” surety bond.
This means that there are no credit checks. You will just fill out the application, declaring the value of your car/vehicle (which may be determined by the California DMV), and pay the premium.
We will issue the bond immediately thereafter and you will file it with the appropriate DMV office. For a California defective title bond where the value of the vehicle is greater than $50,000, there will be underwriting and a credit check. Good credit is required for amounts greater than $50,000.
The premium for a California DMV defective title bond, with or without a credit inquiry, is 1% of the bond’s amount, with a minimum amount of $100. The surety bond’s premium is just a onetime payment.
While it will take a little longer to issue this bond, obviously, it will not be by much. The cost of this higher priced bond will be determined by both your credit score and the blue book value of the vehicle. In both cases, the amount of the bond paid is determined in part by the value of the vehicle.
What We’ll Need
To issue your DMV defective title bond, we’ll ask you the following questions. Please have these items ready as it will expedite the issuance of your surety bond.
- The vehicle’s California plate number;
- Your name and title (i.e. owner/buyer, etc.);
- The vehicle’s VIN number ;
- The year, make, and model of your vehicle.
Purpose of Your Surety Bond
Please note that your DMV defective title bond is not an insurance policy. It is required to protect the DMV and other purchasers in the event that the car is later discovered to belong to someone else. This bond does not protect you from claims which originate from an auto accident, defective parts, and similar matters.
AmeriPro Surety Bonds is a surety bonds only agency. We provide the California lost title/defective bond in whatever amount required. For amounts up to and including $50,000, we provide this bond to you without a credit inquiry.
Our agency is also a provider of license and permit surety bonds of all types in all 50 states.
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