Household goods carriers, licensed to move items between residences and from a residence to a storage facility, are regulated by the Virginia Department of Motor Vehicles.
AmeriPro Surety Bonds offers you the household goods carrier bond as both a new and renewal surety bond.
For five years from the date a certificate of operating authority is issued, a $50,000 Virginia household goods carrier bond must remain on file with the department as a condition of licensing; however, you will want to check with the DMV to determine if the surety bond requirement is applicable to you.
The bond’s amount will be determined by your completion of a surety bond application. There will also be a credit check involved.
While amounts will vary depending on information learned from the application and your credit score, typically the price of the surety bond will range between 1%-5%.
As a broad general rule, an applicant may pay as little as $500 for the household goods carrier surety bond.
Once issued, the bond is active for a period of one year from the date of issuance; thereafter, the bond must be renewed.
The purpose of the Virginia household goods bond is this:
As defined by the § 46.2-2122 of the Code of Virginia, the bond protects against acts of fraud, misrepresentation, and in general, any violation of the laws dealing with household goods carriers.
Such protections also extend to wrongdoing committed by employees, agents, and managers of a household goods carrier business.
As principal of the bond, you are responsible for any claims paid against your bond by the surety, if such were ever the case.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court, and fiduciary bonds throughout Virginia.
Our agency also provides surety bonds nationwide.
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