We understand there are many bond requirements when it comes to owning a dealership. Our staff can help you with the various bonds you need – from when you first open your doors and require a DMV Bond or Dealer Bond – to the many other bonds required depending on the services you provide.
One of these bonds is a Defective Title Bond, required by the Department of Motor Vehicles when the original proof of ownership of a motor vehicle is lost or defective in order to transfer ownership legally. This bond should be in place before the property is sold or transferred to another individual or company. The amount of the bond will be for the appraised value of the vehicle or other property, not for its sale price.
This type of bond protects the obligee (your customer, for example) against loss in case a duplicate title has been issued.
Call us today to discuss all your bond needs.
Dealer Protection Group (DPG) specializes in dealership insurance and bonds. Call one of our professionals at 949.208.8550.