Connecticut Automobile Club Bond |
AmeriPro Surety Bonds | 844-589-9732
Automobile Clubs – Connecticut
The Connecticut Department of Motor Vehicles oversees the licensing and regulation of automobile clubs operating in the state. The Department defines an automobile club as one, which, apart from insurance, offers services for a fee, relating to the assistance of motor vehicles.
The Department requires automobile clubs to furnish evidence of a $10,000 surety bond as a condition of licensing.
Qualifying and the Premium
The $10,000 Connecticut automobile club bond requires an application and a credit score review by an underwriter. The application can be taken from you over the phone. Applicants will be required to have good credit in order to be approved for this bond through our agency. The premium, if approved, is $150, annually.
You will be asked as part of the underwriting process:
- If you have any lawsuits or unsatisfied judgments;
- If you have ever had a surety bond canceled or denied;
- If you have ever failed in business or declared bankruptcy;
- If you have any outstanding collection items or liens.
An affirmative answer to any of these questions — or if found after a credit review — will likely disqualify an applicant.
Once approved, we will take the premium from you over the phone and have the bond issued. It will be mailed to you by the same or the following business day at the latest.
Bond Duration or Term
The Connecticut automobile club surety bond is active for one year from the date of issuance. The bond and the premium are renewed on an annual basis.
Purpose of Your Surety Bond Requirement
The purpose of this surety bond is a financial guarantee that any judgments rendered against your company will be paid. For any single, individual case, the maximum amount that will be paid is $100. You are liable to the Surety for all claims paid against your bond as Principal.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Connecticut. Our agency also provides surety bonds nationwide.
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